New South Wales Consolidated Acts New South Wales Consolidated ActsWhere a trustee company holds moneys belonging to more than one estate upon
trusts, which require or permit the investment thereof, it shall be lawful for
the trustee company to invest such moneys as one fund, and to distribute the
income arising therefrom rateably among the several estates to which the money
so invested belongs; and any loss arising from any such investment shall
likewise be borne rateably by the several estates.
Any such investment shall be made either in investments in which a trustee may
invest trust funds in accordance with the Trustee Act 1925 or in investments
authorised by each of the trust instruments.