Victorian Consolidated Legislation

Victims of Crime Assistance Act 1996 - SECT 70

Investment of trust money

70. Investment of trust money



(1) The whole or any part of any money held by the Tribunal on trust for a
person may, except where otherwise provided by this or any other Act, whether
already in a state of investment or not, be invested-

   (a)  on deposit with an authorised deposit-taking institution within the
        meaning of the Banking Act 1959 of the Commonwealth; or



   (b)  in the manner in which trust money may be invested by a trustee under
        the Trustee Act 1958.

(2) All income derived from the investment of money under subsection (1) must
be paid to the person beneficially entitled to the invested money.