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METHODIST CHURCH OF SAMOA IN AUSTRALIA PROPERTY TRUST ACT 1998 - SECT 9
Trust may invest trust funds
(1) The Trust: (a) may invest or lend any funds that it holds on trust in
accordance with the terms of any trust to which the funds are subject, and
(b) may also invest or lend any such funds in accordance with the
Trustee Act 1925 , unless the investment or loan is expressly forbidden by the
instrument (if any) creating the trust to which the funds are subject.
(2)
The Trust may invest trust funds held by it for different purposes or
activities, or any part of those funds, as one fund.
(3) Income arising from
an investment of funds in accordance with subsection (2) is to be apportioned
rateably among the several purposes or activities for which the funds are held
on trust.
(4) Any loss arising from an investment of funds in accordance with
subsection (2) is to be apportioned rateably among the several purposes or
activities for which the funds are held on trust.
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