s 124D
In forceInvestment of moneys in account
Part VIIIFidelity Guarantee Account
124D Investment of moneys in account
(1)
Moneys standing to the credit of the General Purpose Account may, until required for the purposes of section 124C, be invested in the same manner as trust funds may be invested in accordance with Part III of the Trustees Act 1962.
(2)
Income derived from any such investment is to be credited to the General Purpose Account.
[Section 124D inserted: No. 59 of 1995 s. 26; amended: No. 77 of 2006 Sch. 1 cl. 147(2) and (13).]
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.