Victorian Current Acts Victorian Current Acts(1) The Residents' Trust Fund established under section 45 of the Intellectually Disabled Persons' Services Act 1986 is continued under this Act.
(2) The Secretary must maintain the Residents' Trust Fund for money held in trust on behalf of a resident in a residential service.
(3) The money in the Residents' Trust Fund must be held in one or more of the following ways—
(a) in an account or accounts at an authorised deposit-taking institution in the name of the Secretary;
(b) as an investment or investments in accordance with section 94 ;
(c) as cash in a secure place at a residential service.
(4) The Secretary must ensure that money is only held under subsection (3)(c) to cover likely withdrawals from the Residents' Trust Fund and that the amount held does not exceed the limit specified by the Secretary.