50
CurrentAdministration of trust money
Part 7Trust money
50 Administration of trust money
(1)
Trust money must be administered by the appropriate directorate on behalf of the Territory.
(2)
The Treasurer may, in writing, specify a directorate as the appropriate directorate in relation to an amount of trust money.
(3)
In this section:
appropriate directorate, in relation to an amount of trust money, means—
(a)
except if paragraph (b) applies—the directorate responsible for matters or enactments that relate most closely to the purpose of the payment; or
(b)
the directorate specified under subsection (2).
This Act’s bill:Explanatory statement
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.