Victorian Consolidated Legislation

Coptic Orthodox Church (Victoria) Property Trust Act 2006 - SECT 12

Pooling of trust funds

12. Pooling of trust funds



(1) The Trust may invest trust funds held by it for different purposes, or any
part of those funds, as one or more common funds.

(2) Any income arising from the investment of a common fund may be distributed
rateably for the benefit of carrying out the several purposes for which the
money invested is held on trust.

(3) Any loss arising from the investment of a common fund is to be distributed
rateably to the detriment of carrying out the several purposes for which the
money invested is held on trust.

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