Western Australian Current Acts

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LOCAL GOVERNMENT ACT 1995 - SECT 6.9

6.9 .         Trust fund

        (1)         A local government is to hold in the trust fund all money or the value of assets —

            (a)         that are required by this Act or any other written law to be credited to that fund; and

            (b)         held by the local government in trust.

        (2)         Money or other property held in the trust fund is to be applied for the purposes of, and in accordance with, the trusts affecting it.

        (3)         Where money or other property is held in the trust fund, the local government is to —

            (a)         in the case of money, pay it to the person entitled to it together with, if the money has been invested, any interest earned from that investment;

            (b)         in the case of property, deliver it to the person entitled to it.

        (4)         Where money has been held in the trust fund for 10 years it may be transferred by the local government to the municipal fund but the local government is required to repay the money, together with any interest earned from its investment, from that fund to a person claiming and establishing a right to the repayment.

        [Section 6.9 amended: No. 49 of 2004 s. 57.]



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