Public Trustee Act 1930

An investment made by the Public Trustee in a group investment fund, including, in particular –

the investment of money in that fund in exercise of the power conferred by section 12(3) or 39(2); and the giving to an estate of credit in that fund for the fair market value of an investment transferred to that fund from that estate under section 50A(4) or from another group investment fund under section 50A(6) –

shall be taken, for the purposes of any law or of any order of a court, to be an investment authorized by section 5 of the Trustee Act 1898.