Powers of investment
48 Powers of investment
Except as provided in section 76 or in any order of VCAT, an administrator—
in the case of investments of the represented person, may continue those investments in the manner in which they were invested by the represented person for such period as the administrator thinks fit, including taking up rights to issues of new shares and options; and
in the case of money deposited in an ADI, may re-deposit it after it becomes payable; and
(c) in the case of property, has, and may, exercise the same powers as the administrator would have if the administrator were a trustee in relation to that property under the Trustee Act 1958.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.