New South Wales Consolidated Acts

H.M.S. ENDEAVOUR TRUST FUND ACT 1968 - SECT 7

7 Surplus money

(1) The Trustees and the Company respectively shall pay to the Trustees of the Captain Cook’s Landing Place, reserved under the National Parks and Wildlife Act 1967 , for the development and maintenance of the Captain Cook Museum and Information Centre, any surplus money that remains in the hands of or under the control of the Trustees or the Company after provision is made for all payments under section six of this Act and for payment of all amounts necessary to administer and wind up the affairs of the Trustees and the Company.

(2) Where any money paid under subsection one of this section cannot be expended for the purpose referred to in that subsection, the Minister for the time being administering the National Parks and Wildlife Act 1967 shall direct for what purpose that money is to be expended, being a purpose:

(a) which is of a like nature to that referred to in that subsection, and

(b) a gift for which is deductible from the assessable income of the donor thereof under the provisions of the Income Tax Assessment Act 1936 of the Parliament of the Commonwealth of Australia, as subsequently amended,

and that money may thereupon be expended for that purpose.