Guardianship and Administration Fund
77 Guardianship and Administration Fund
The account known as "The Guardianship and Administration Fund" that was established in the Public Account under section 58AA of the Guardianship and Administration Act 1986 continues in existence.
The following must be paid into the Guardianship and Administration Fund—
(a) any annual fee prescribed under section 194(1)(b) that is paid in relation to an estate of a represented person;
interest received from the investment of money in the Fund.
Money standing to the credit of the Guardianship and Administration Fund may be invested in any manner in which trust funds may be invested under the Trustee Act 1958.
The Guardianship and Administration Fund is to be used to meet the costs and expenses of VCAT in relation to proceedings under this Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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