Victorian Consolidated Legislation

Melbourne University Act 1958 - SECT 38

Establishment of investment pools

38. Establishment of investment pools



(1) The council may establish one or more investment pools for the collective
investment of any trust funds and other funds held by or in the custody of the
University.

(2) The council may from time to time bring into or withdraw from any such
investment pool the whole or any part of any trust fund or other fund held by
or in the custody of the University.

(3) The power of the council to bring into an investment pool the whole or any
part of a trust fund may be exercised notwithstanding any direction to the
contrary, whether express or implied, contained in the trust instrument.

(4) The council shall not bring into or retain in any investment pool the
whole or any part of any trust fund unless all the securities in which the
capital of the investment pool is invested are securities in which the trust
fund may properly be invested.