New South Wales Consolidated Acts

TRUSTEE ACT 1925 - SECT 14E

14E Advisory committee

(1) In this section, "Committee" means the committee constituted by subsection (2).

(2) There is constituted by this subsection a committee consisting of:

(a) the NSW Trustee, and

(b) a master of the Court nominated by the Chief Justice of the Court and appointed by the Attorney General, and

(c) an officer of the Treasury nominated by the Secretary of the Treasury and appointed by the Attorney General, and

(d) 2 persons appointed by the Attorney General who, in the opinion of the Attorney General, have experience relevant to the function of the Committee.

(3) The function of the Committee is to advise the Attorney General on matters relating to the investment of trust funds.

(4) The Attorney General shall not be bound by the advice of the Committee.

(5) The Committee may regulate its own procedure.

(6) The Committee may seek the advice of such persons as it sees fit on matters related to the function of the Committee.