New South Wales Consolidated Acts

NATURE CONSERVATION TRUST ACT 2001 - SECT 12

12 Powers of Trust

(1) The Trust has power to do all things necessary or convenient to be done for or in connection with the exercise of its functions.

(2) Without limiting subsection (1), the Trust has power to do the following:

(a) to buy, sell, hold, mortgage, lease or otherwise deal with land,

(b) by mutual agreement with the Crown, to surrender land vested in the Trust (whether on trust or otherwise) to the Crown to be used for a purpose specified by the Trust,

(c) to borrow money, either with or without security,

(d) to act as trustee of money or other property vested in the Trust,

(e) to use money of the Trust to further the objects of the Trust or to meet the Trust’s commitments under any agreement to which the Trust is a party,

(f) to invest money of the Trust not immediately required for the furtherance of its objects in the same way as trustees may invest trust funds under the Trustee Act 1925 ,

(g) to make and enter into contracts or other arrangements for the carrying out of works, the performance of services or the supply of goods or materials,

(h) to appoint agents.

(3) The Trust may do all things that are supplemental or incidental to, or consequential on, the exercise of its functions.