LEGAL PROFESSION ACT 1987 - SECT 43 Investment of Indemnity Fund

This legislation has been repealed.

LEGAL PROFESSION ACT 1987 - SECT 43

43 Investment of Indemnity Fund

Money in the Indemnity Fund that is not immediately required for the purposes of the Fund may be invested:

(a) in any manner in which trustees are authorised by the Trustee Act 1925 to invest trust funds,

(b) on deposit with the Treasurer,

(c) in the purchase of securities or shares listed for quotation on a prescribed financial market (within the meaning of section 9 of the Corporations Act 2001 of the Commonwealth),

(d) in the acquisition of an interest in real estate in Australia, or

(e) in bills of exchange drawn, accepted or endorsed by a bank, building society or credit union.