Corporations Regulations 2001

CHAPTER 5D - LICENSED TRUSTEE COMPANIES  

PART 5D.2 - POWERS ETC OF LICENSED TRUSTEE COMPANIES  

Division 2.2 - Common funds  

REGULATION 5D.2.04   ESTABLISHMENT OF COMMON FUNDS  

5D.2.04(1)   [ Licensed trustee company may establish]  

A licensed trustee company may:

(a) establish accounts within a common fund; and

(b) establish a common fund on the basis of units or another suitable basis.

5D.2.04(2)   [ Money held on trust]  

If the common fund includes money that is not estate money and that is not otherwise held in trust, the licensed trustee company is taken to hold the money in trust for the person on whose behalf the money is invested in the common fund.