Victorian Consolidated Legislation

Guardianship and Administration Act 1986 - SECT 51

Powers of investment

51. Powers of investment



(1) Except as provided in section 53 or any order of the Tribunal, an
administrator other than State Trustees in respect of any part of the estate
of the represented person of which the administrator is the administrator-

   (a)  may for such period as the administrator thinks fit allow any part of
        the estate to remain invested in the manner in which it has been
        invested by the represented person; and

   (b)  may in the case of money deposited in an authorised deposit-taking
        institution within the meaning of the Banking Act 1959 of the
        Commonwealth re-deposit it after it becomes payable; and

   (c)  has and may exercise in relation to any part of the estate the same
        powers as the administrator would have if the administrator were a
        trustee of that part of the estate under the Trustee Act 1958.



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