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s 27

Investment of estate funds

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Part 5Investment of estate funds and common funds

27 Investment of estate funds

Subject to this and any other Act and the terms of a relevant instrument of trust or order of court, the Public Trustee must invest money comprising or forming part of an estate—

(a)

in a manner authorised by the instrument of trust; or

(b)

in a manner in which a trustee may lawfully invest trust money;

or

(c)

in a common fund.

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