New South Wales Consolidated Acts
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DORMANT FUNDS ACT 1942 - SECT 18
Commissioner and Charity Referees not bound to follow Cy-pres principle
18 Commissioner and Charity Referees not bound to follow Cy-pres principle
In formulating proposals under this Act the Commissioner and the Charity
Referees shall give due consideration to the trusts of the dormant fund or the
purposes for which the dormant fund may be utilised or applied but shall not
be bound to comply with the principle known as the “Cy-pres principle”.
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