New South Wales Consolidated Acts

HISTORIC HOUSES ACT 1980 - SECT 11

11 Dealings with property

(1) In this section "condition" means a condition to which the Trust has agreed under section 8 (3).

(2) Subject to subsection (3), the Trust shall not sell, mortgage, demise for a term exceeding 6 months or otherwise dispose of, any real property, or any other property acquired by gift inter vivos, devise or bequest except:

(a) where the property (being real property) was acquired without being subject to a condition-with the approval of the Governor (which may be given in respect of any case or class of cases), or

(a1) where the property (not being real property) was acquired without being subject to a condition-with the approval of the Minister (which may be given in respect of any case or class of cases), or

(b) where the property was acquired subject to a condition-in accordance with the condition or section 12.

(3) Subject to section 8 (4), and except to the extent that it would be in breach of a condition, the Trust shall invest any of its funds not immediately required for the purposes of the Trust in any manner authorised by law for the investment of trust funds.