New South Wales Consolidated Acts

NSW TRUSTEE AND GUARDIAN ACT 2009 - SECT 107

107 Policies about common funds

(1) The NSW Trustee may determine policies, not inconsistent with this Act, relating to the nature, management and operation of a common fund, and in particular for or with respect to all or any of the following--

(a) the class or classes of money that may be included in the fund,

(b) the class or classes of investment in which money to the credit of the fund may be invested,

(c) the portfolios and accounts of a fund,

(d) the manner in which interest is to be credited and apportioned,

(e) the manner in which profit or loss of a capital nature is to be determined and apportioned,

(f) the manner of entry to and exit from the fund,

(g) the determination, and the frequency of determination, of the value of investments in the fund,

(h) the determination of the method of valuation by reference to which investments in and withdrawals from the fund are to be made,

(i) the intervals at which, and the method by which, payment or allocation of the income arising from the fund is to be made.

(2) The NSW Trustee may amend or replace the policies from time to time.