41
In forceDistribution of income of investment common funds
Part 6Property, finance and commercial activities
Division 3Trust funds and related matters
41 Distribution of income of investment common funds
(1)
Subject to subsection (2), the University must periodically distribute the income of each investment common fund among the funds participating in the pool having regard to the extent of the participation by each fund during the relevant accounting period.
(2)
From time to time the University, if it considers it expedient to do so, may—
(a)
add some portion of the income of each investment common fund to the capital of the common fund; or
(b)
establish a fund or funds as a provision against capital depreciation or reduction in income.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.