Western Australian Consolidated Acts

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PUBLIC TRUSTEE ACT 1941 - SECT 37

37 .         Investment of moneys under control or subject to order of the Supreme Court

        (1)         The investments of moneys under the control or subject to any order of the Supreme Court shall be made by the Public Trustee.

        (2)         All moneys or damages so received or awarded by or to the Public Trustee shall, subject to any specific or general directions of the appropriate court, be held and applied by him in such manner as he thinks fit for the maintenance and education or otherwise for the benefit of the persons entitled thereto.

        (3A)         All moneys ordered to be invested under the provisions of the Workers’ Compensation and Injury Management Act 1981 , shall be paid to the Public Trustee, and the receipt of the Public Trustee, or of any one authorised by him in that behalf, shall be a complete discharge to all persons concerned.

        (3B)         The Public Trustee shall hold money received under subsection (3A) for the person or persons entitled thereto.

        (3C)         Any money received under subsection (3A) shall be disbursed by the Public Trustee in accordance with the order pursuant to which it is held, but the Public Trustee has sole discretion as to its investment.

        (4)         A certificate under the hand and seal of the Public Trustee, showing the receipt of the said money, shall in any court or proceedings whatsoever be sufficient evidence of the facts therein stated without any further proof.

        (5)         Nothing in this section shall prejudice the lien of a solicitor for any costs which have been allowed by a taxing officer of the Supreme Court or the Magistrates Court as solicitor and client costs. No costs other than those allowed in such taxation shall be payable to any solicitor.

        [Section 37 amended by No. 7 of 1950 s. 3; No. 67 of 1979 s. 61; No. 34 of 1999 s. 61; No. 42 of 2004 s. 175; No. 59 of 2004 s. 141; No. 19 of 2010 s. 51.]

        [Heading inserted by No. 9 of 2008 s. 22.]



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