South Australian Current Acts South Australian Current Acts15—Application of unapplied portion of estate
(1) The manager shall
apply such part of the corpus and income of the protected estate as is not
required for the purposes specifically defined in this Act in such manner as
is authorised by subsection (2) or as the court from time to time
directs.
(2) The manager may
invest the unapplied corpus or income of the protected estate in such
securities, other than the mortgage of land, as are authorised by law for
investment of trust moneys.
(3) The court may
direct the investment of the unapplied corpus or income of the
protected estate in such investments as the court from time to time deems
proper in the interest of the protected person or of those dependent upon him,
and the court shall not be limited in respect of any such direction to such
securities as are authorised by law for investment of trust moneys or by any
provision of subsection (2).