Victorian Consolidated Legislation

Land Acquisition and Compensation Act 1986 - SECT 61

Court or judge may dispose of money paid to Trust Fund

61. Court or judge may dispose of money paid to Trust Fund



(1) Upon the application of any person making a claim-

   (a)  to any payment made to the credit of the Trust Fund under this Act; or

   (b)  to the interest in land in respect of which the payment was made-

the Court may in a summary way as to the Court seems fit-

   (c)  order the money or any part thereof-

   (i)  to be paid to the person making the claim; or

   (ii) to be laid out or invested in such manner as to the Court seems fit
        and may order distribution of the money or payment of the dividends or
        interest on the money according to the respective entitlements of the
        persons making claim to the money or interest in land or any part
        thereof; or

   (d)  make such other order in the circumstances as to the Court seems fit.

(2) An order under subsection (1) must provide that the money is to be applied
or paid in such manner as the Court considers will give to the parties
interested in that money the same benefit from that money as they might
lawfully have had from the interests in land in respect of which the money has
been paid or as near thereto as is possible in the circumstances.