19A
In forceApplication of particular amounts
Part 2The public trustee and Public Trust Office
19A Application of particular amounts
(1)
This section applies to—
(a)
fees and charges received by the public trustee; and
(b)
interest earned on amounts invested under section 19 and paid into the common fund.
(2)
The public trustee must apply the amounts—
(a)
first, to pay interest to the estates whose funds formed part of the amounts invested; and
(b)
after paying the interest, towards operating and capital expenses of the public trust office.
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