New South Wales Consolidated Acts

CROWN LANDS ACT 1989 - SECT 122

122 Reports etc by reserve trust

(1) A reserve trust shall:

(a) furnish reports to the Minister at such times, concerning such matters, and specifying such information, as may be prescribed by the regulations or as may be required by the Minister by notice in writing to the reserve trust, and

(b) keep such records (including accounting records) as may be prescribed by the regulations or as may be required by the Minister by notice in writing to the reserve trust.

(2) The Minister may grant an exemption from the requirements of subsection (1) and the exemption:

(a) may relate to a particular reserve trust or a class of reserve trusts,

(b) may be unconditional or subject to conditions, and

(c) shall operate for a specified period, or until further notice, as may be stated by the Minister when granting the exemption.

(3) A reserve trust shall, at the request of the Minister:

(a) give the Minister such information as the Minister requires in relation to the operations of the trust, and

(b) forward to the Minister specified records (including accounting records), or copies of or extracts from specified records, kept by the trust.