Powers of investment-trust laws and accounts, Financial Accounting

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POWERS OF INVESTMENT

The trustees have a duty to obtain control of trust assets and to invest trust funds in authorised securities.

The trustees may invest in such securities as are authorised in the trust instrument or by the Trustee Act. In any case, they must have regard to:

1. The need for appropriate diversification; and
2. The suitability of the proposed investments to the trust

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