Victorian Consolidated Legislation

Guardianship and Administration Act 1986 - SECT 58AA

Guardianship and Administration Fund

58AA. Guardianship and Administration Fund



(1) There is to be established in the Public Account as part of the Trust Fund
an account to be known as "The Guardianship and Administration Fund".



(2) There is to be paid into the Fund-

   (a)  all fees prescribed under section 58A that are paid in respect of
        estates which are the subject of an administration order; and

   (b)  interest received from the investment of money in the Fund.

(3) There is also to be paid into the Fund all money standing to the credit of
the Guardianship and Administration Fund established by section 58(7)
immediately before that provision was repealed.

(4) Money standing to the credit of the Guardianship and Administration Fund
may be invested in any manner in which trust funds may be invested under the
Trustee Act 1958.

(5) The Guardianship and Administration Fund is to be used to meet the costs
and expenses of the Tribunal in respect of proceedings under this Act.

(6) After this section commences, a reference in another Act or a statutory
rule (within the meaning of the Subordinate Legislation Act 1994) to
the Guardianship and Administration Fund established by section 58(7) of this
Act is taken to be a reference to the Fund established by this section.