New South Wales Consolidated Acts
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LEGAL PROFESSION UNIFORM LAW APPLICATION ACT 2014 - SECT 50
Management and control of Fund
50 Management and control of Fund
(1) The Trustees are to manage and control the Public Purpose Fund.
Trustees may invest any amount standing to the credit of the Fund in
accordance with Division 2 of Part 2 of the Trustee Act 1925 as if the money
were trust funds.
(3) The Trustees may enter into any agreement or
arrangement with a person or body under which--
(a) the person or body
provides the Trustees with advice concerning the investment of any amount
standing to the credit of the Fund, or
(b) the person or body agrees to
invest any such amount on behalf of the Trustees.
(4) The Law Society is to
administer the Fund on behalf of, and in accordance with the directions of,
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