New South Wales Consolidated Acts

ABORIGINAL LAND RIGHTS ACT 1983 - SECT 52C

52C Trusts

(1) A Local Aboriginal Land Council may, with the approval of the New South Wales Aboriginal Land Council, establish, or participate in the establishment of, a trust for the purpose of providing a community benefits scheme.

(2) The New South Wales Aboriginal Land Council must not give an approval for the purposes of this section unless it is of the opinion that the proposed action by the Local Aboriginal Land Council:

(a) complies with this Act and the regulations, and

(b) is consistent with any applicable policy of the New South Wales Aboriginal Land Council, and

(c) is consistent with the community, land and business plan of the Local Aboriginal Land Council, and

(d) is not likely to prevent the Local Aboriginal Land Council from being able to meet its debts as and when they fall due.

(3) Regulations may be made for or with respect to financial and reporting obligations for trusts established by Local Aboriginal Land Councils.