Section 26
Exclusions from Common Fund
of Public Trust Corporation Act 1995
The following shall not be included in or form part of the
Common Fund:
(a)
moneys expressly or by necessary implication forbidden to be included in the Common Fund or directed to be invested in investments other than those permitted by law for the investment of trust funds;
(b)
investments held by the Corporation which have not been taken over under subsection 25(3);
(c)
moneys forming any of the estates administered by the
Corporation or held by the Corporation as liquidator, receiver, receiver and manager, agent or in any other
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fiduciary capacity, which in the opinion of the Corporation having regard to the circumstances in which it holds the moneys and the duration for which the moneys are available for investment, should not be invested in the
Common Fund.