Western Australian Consolidated Acts

PUBLIC TRUSTEE ACT 1941 - SECT 40

40 .         Power to enter into portfolio management contracts as to Fund investments

        (1)         The Public Trustee may enter into any contract or arrangement with any person approved by the Treasurer for the management by that person of a class or classes of investment forming part of a Fund.

        (2)         The terms and duration of a proposed contract or arrangement under subsection (1) shall be approved by the Treasurer before the contract or arrangement is entered into.

        (3)         Subject to any relevant Treasurer’s guidelines, the Public Trustee may delegate to a person referred to in subsection (1) all or any of the Public Trustee’s functions under section 39D with respect to all or part of a Fund.

        [Section 40 inserted by No. 9 of 2008 s. 25(1).]