Victorian Current Acts

VICTIMS OF CRIME ASSISTANCE ACT 1996 - SECT 70

    (1)     The whole or any part of any money held by the Tribunal on trust for a person may, except where otherwise provided by this or any other Act, whether already in a state of investment or not, be invested—

S. 70(1)(a) substituted by No. 11/2001 s. 3(Sch. item 85).

        (a)     on deposit with an authorised deposit-taking institution within the meaning of the Banking Act 1959 of the Commonwealth; or

        (b)     in the manner in which trust money may be invested by a trustee under the Trustee Act 1958 .

    (2)     All income derived from the investment of money under subsection (1) must be paid to the person beneficially entitled to the invested money.

S. 70A inserted by No. 30/2004 s. 9.