Western Australian Current Acts

WESTERN AUSTRALIAN AGED SAILORS, SOLDIERS AND AIRMEN'S RELIEF FUND ACT 1932 - SECT 5

5 .         Investment and application of the Fund

        (1)         All moneys to the credit of the Fund shall be invested by the Trust, under and subject to the Trustees Act 1900 ² , and shall accumulate with interest until 1 December 1940.

        (2)         Thereafter such moneys shall, subject to the regulations, be applied by the Trust in its discretion for the benefit of aged and/or invalid sailors, soldiers, airmen and nurses eligible for membership of the League, and for any person who, immediately before the death of any such sailor, soldier, airman or nurse, was the spouse or de facto partner of that person.

        (3)         A benefit under subsection (2) shall be applied only for a person who is domiciled in the State of Western Australia.

        [Section 5 amended: No. 24 of 1958 s. 6 ³ ; No. 28 of 2003 s. 206; No. 19 of 2010 s. 51.]