Commonwealth Numbered Acts

EXPORT MARKET DEVELOPMENT GRANTS ACT 1974 No. 154 of 1974 - SECT 20

20. Where any eligible expenditure is incurred by, or any export earnings
accrue to, the trustee of a trust estate, the Board may treat so much of that
expenditure or of those earnings as, in the opinion of the Board, is
reasonable, having regard to-

   (a)  the operation of this Act in relation to persons other than trustees
        and beneficiaries in trust estates; and

   (b)  the respective interests of the beneficiaries in the trust estate, as
        having been incurred by, or having accrued to, a beneficiary.