Corporations Act 2001
View history note
Hide history noteA licensed trustee company may, for the purposes of investment, pool together into a fund or funds money ( estate money ) from 2 or more estates that are administered or managed by the trustee company in the performance of estate management functions.
601SCA(2)
For the purposes of this Chapter, a fund into which money is pooled as mentioned in subsection (1) is a common fund .
Note: A common fund may also be regulated under Chapter 5C (if the fund constitutes a managed investment scheme) but see also section 601SCAA , which deals with any inconsistencies in regulation between the Chapters.
601SCA(3)
A common fund may also include other money.
601SCA(4)
This section has effect subject to regulations made for the purpose of section 601SCC .
Note: For example, the regulations may limit the circumstances in which other money may be pooled together with estate money.
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