LEGAL PROFESSION ACT 1987 - SECT 108 Investment of money by receiver
This legislation has been repealed.
LEGAL PROFESSION ACT 1987 - SECT 108
Investment of money by receiver108 Investment of money by receiver
(1) A receiver may invest money that is receivable property in any manner in which trustees are authorised by the Trustee Act 1925 to invest trust funds.
(2) Income received from an investment under subsection (1), and any profit made on the sale of such an investment, is receivable property.