Tasmanian Consolidated Acts Tasmanian Consolidated Acts
(1) The Trust may, with the approval of the Minister, authorize The Public Trustee or a trustee company to hold any property of the Trust as a custodian trustee.
(2) The Public Trustee or a trustee company shall deal with any property of the Trust held by it as a custodian trustee pursuant to subsection (1) in accordance with the Trustee Companies Act 1953 but subject to such directions as the Trust may determine from time to time.
(3) In this section –
"The Public Trustee" has the meaning assigned to that expression in the Public Trustee Act 1930;
"trustee company" has the meaning assigned to that expression in the Trustee Companies Act 1953.