Western Australian Consolidated Acts

PUBLIC TRUSTEE ACT 1941 - SECT 44A

44A .         Reserve funds

        (1)         The Public Trustee may establish one or more reserve funds to which may be credited amounts under this Act or moneys approved by the Minister in the current agreement.

        (2)         Each reserve fund is to have a distinguishing name.

        (3)         The Public Trustee may from time to time apply any of the moneys in a reserve fund in accordance with the current agreement.

        (4)         The Public Trustee shall invest moneys in a reserve fund in the Common Account.

        [Section 44A inserted No. 9 of 2008 s. 28.]