60
In forceTrust money
Part 6Finance
60 Trust money
The Authority:
(a)
may receive money from any body or person on trust for application towards a particular purpose consistent with the functions of the Authority; and
(b)
must pay trust money into an account or accounts containing no money other than trust money; and
(c)
must apply or deal with trust money only in accordance with the powers and duties of the Authority as trustee; and
(d)
may only invest trust money:
(i)
in any manner in which the Authority is authorised to invest the money by the terms of the trust; or
(ii)
in any manner in which trust money may be lawfully invested.
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