Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The Commission may
accept moneys or other property on trust and may act as trustee of moneys or
other property held by the Commission on trust.
(2) Subject to
subsections (3) and (4), any moneys or other property held by the
Commission upon trust shall be dealt with in accordance with the powers and
duties of the Commission as trustee under the law of the State.
(3) The provisions of
Part 12 Division 4 of the Legal Profession Act 2008 apply to
and in relation to moneys held by the Commission on trust for persons who are
or have been assisted persons.
(4) Any moneys held by
the Commission on trust (other than moneys required to be deposited pursuant
to Part 12 Division 4 of the Legal Profession Act 2008 ) may be
invested by the Commission in any manner authorised by law for the investment
of trust moneys and all moneys resulting from investments so made shall be
credited to the Fund.
[Section 17 amended by No. 49 of 1996
s. 64; No. 21 of 2008 s. 674(8) and (9).]