Commonwealth Consolidated Acts

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FOOD STANDARDS AUSTRALIA NEW ZEALAND ACT 1991 - SECT 141

Trust money

                   The Authority:

                     (a)  may receive money from any body or person on trust for application towards a particular purpose consistent with the functions of the Authority; and

                     (b)  must pay trust money into an account or accounts containing no money other than trust money; and

                     (c)  must apply or deal with trust money only in accordance with the powers and duties of the Authority as trustee; and

                     (d)  may only invest trust money:

                              (i)  in any manner in which the Authority is authorised to invest the money by the terms of the trust; or

                             (ii)  in any manner in which trust money may be lawfully invested.

   



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