Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 5D.2.04

Establishment of common funds

             (1)  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.

             (2)  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.



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