Victorian Current Acts

MAGISTRATES' COURT ACT 1989 - SECT 138

    (1)     The whole or any part of any money held in a trust account of the Court may, except where otherwise provided by this or any other Act, whether already in a state of investment or not, be invested—

S. 138(1)(a) amended by No. 11/2001 s. 3(Sch. item 44.2).

        (a)     on deposit with an authorised deposit-taking institution; or

S. 138(1)(b) repealed by No. 18/1994 s. 66(Sch. 2 item 16).

    *     *     *     *     *

        (c)     in any manner in which trust money may be   invested by a trustee under the Trustee Act 1958 .

    (2)     Despite anything to the contrary in any other Act or any rule of law, all income derived from the investment of money under subsection (1) must be paid into the Consolidated Fund.

S. 139 substituted by No. 68/2009 s. 97(Sch. item 82.53).