Commonwealth Consolidated Acts

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MILITARY REHABILITATION AND COMPENSATION ACT 2004 - SECT 435

Powers of investment for non-Commonwealth trustee

             (1)  This section applies if a trustee appointed under section 432 in respect of payments of compensation is not the Commonwealth or an employee of the Australian Public Service.

             (2)  The trustee may invest any trust funds not applied under paragraph 433(3)(a) in any investments authorised for the investment of trust funds by the law of the State or Territory where the person who is entitled to the compensation resides.



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