New South Wales Consolidated Acts

HOLY APOSTOLIC CATHOLIC ASSYRIAN CHURCH OF THE EAST PROPERTY TRUST ACT 1992 - SECT 8

8 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 is to be distributed ratably among the several purposes or activities for which the money invested is held in trust.

(3) Any loss arising from an 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 activity, service, institution or interest of the Church.

(5) Any sum so advanced is to be 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 to be taken to be a charge on the assets held by the Trust for the activity, service, institution or interest of the Church for which the advance is made.