Commonwealth Numbered Acts

SEAFARERS REHABILITATION AND COMPENSATION ACT 1992 No. 234, 1992 - SECT 133

133.(1) Any money payable under this Act to a person under a legal disability
must be paid to, or in accordance with the directions of, the Authority for
the benefit of the person and, when so paid, is taken to have been paid to the
person.

(2) If money is held by the Authority for the benefit of a person, the
Authority must, subject to subsections (4) and (5), invest the money in any
manner for the time being allowed for the investment of trust money by an Act,
or by a State or Territory enactment.

(3) Income resulting for an investment of money under subsection (2) is taken
to form part of that money.

(4) The Authority may pay any money held by it for the benefit of a person to,
or in accordance with the directions of, the person or apply the money in such
manner as it thinks fit, for the benefit of the person.

(5) If money is held by the Authority for the benefit of a person under a
legal disability, the Authority must, when the person stops being under a
legal disability, pay the money to, or in accordance with the directions of,
the person or, if the money has been invested, deal with the investments in
accordance with the directions of the person.