Public Trustee Act 1995

The Public Trustee may establish and maintain accounts at an

ADI.

The Public Trustee may—

pay into the accounts money deducted or raised by way of commission, fees, costs or expenses and any other income of the Public Trustee;

and

apply the money towards the Public Trustee's operating costs and expenses and in making any other payments required or authorised to be made by the Public Trustee; and

invest any of the money that is not immediately required for those purposes in a manner approved by the Treasurer.

The Public Trustee may, with the approval of the

Minister—

borrow money on overdraft; and

deposit as security for the overdraft any securities representing money invested in a common fund.

An approval under subsection (3) may be given subject to such conditions as the Minister thinks fit.