Corporations Act 2001

A licensed trustee company may, for the purposes of investment, pool together into a fund or funds money (estate money) from 2 or more estates that are administered or managed by the trustee company in the performance of estate management functions.

For the purposes of this Chapter, a fund into which money is pooled as mentioned in subsection (1) is a common fund.

A common fund may also be regulated under Chapter 5C (if the fund constitutes a managed investment scheme) but see also section 601SCAA, which deals with any inconsistencies in regulation between the Chapters.

A common fund may also include other money.

This section has effect subject to regulations made for the purpose of section 601SCC.

For example, the regulations may limit the circumstances in which other money may be pooled together with estate money.