New South Wales Consolidated Acts

GREEK ORTHODOX ARCHDIOCESE OF AUSTRALIA CONSOLIDATED TRUST ACT 1994 - SECT 15

15 Blending of trust funds

(1) The Trust may invest trust funds held by it for different purposes or activities, or any part of those funds, as one fund ( "the fund").

(2) Any income arising from the investment of the fund may be distributed ratably for the benefit of carrying out the several purposes or activities for which the money invested is held in trust.

(3) Any loss arising from the investment of the fund is to be distributed ratably among the several purposes or activities for which the money invested is held in trust.

(4) The Trust may make advances out of funds referred to in this section for any purpose of or relating to the Church.

(5) Any sum so advanced is taken to be an investment of the money and bears interest at a rate fixed by the Trust.

(6) The sum advanced, and any interest on that sum, is taken to be a charge on those assets (if any) that the Trust holds for the purpose for which the advance was made.