Western Australian Consolidated Acts

SETTLEMENT AGENTS ACT 1981 - SECT 102D

102D .         Investment of moneys in account

        (1)         Moneys standing to the credit of the General Purpose Account may, until required for the purposes of section 102C, 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 102D inserted by No. 59 of 1995 s. 80; amended by No. 77 of 2006 Sch. 1 cl. 156(2) and (13).]

        [Heading inserted by No. 59 of 1995 s. 81; amended by No. 58 of 2010 s. 167.]