ABORIGINAL LAND ACT 1991 - SECT 261 Definitions for div 5
ABORIGINAL LAND ACT 1991 - SECT 261
Definitions for div 5261 Definitions for div 5
In this division—
"account" , of a land trust, means—
(a) an account, with a financial institution, in the land trust’s name or in which the land trust has an interest; or
(b) another account to which trust money is deposited.
"holder" , of a land trust’s account, means the land trust or other person authorised to operate the account.
"trust money" means any amount that is trust property.