New South Wales Consolidated Acts

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BAPTIST CHURCHES OF NEW SOUTH WALES PROPERTY TRUST ACT 1984 - SECT 25

Determination of capital and income

25 Determination of capital and income

The Trust may, in the exercise of its functions, determine whether any money vested in it shall be considered as capital or income and out of what part of trust property and whether out of income, accumulated income or capital, any expenses, outgoings or losses shall be paid or borne.



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