AustLII Tasmanian Consolidated Acts

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LIBRARIES ACT 1984 - SECT 21A

21A. Power of Management Committee to authorize Public Trustee or trustee company as custodian trustee

      (1) The Management Committee may, with the approval of the Minister, authorize The Public Trustee or a trustee company to hold any property of the Management Committee as a custodian trustee.

      (2) The Public Trustee or a trustee company shall deal with any property of the Management Committee 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 Management Committee 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.


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