New South Wales Consolidated Acts

NEW SOUTH WALES INSTITUTE OF PSYCHIATRY ACT 1964 - SECT 18

18 Power to accept gifts etc

(1) The Institute has power to acquire by gift, bequest or devise any property for any of the purposes of this Act, and to agree to and carry out the conditions of the gift, bequest or devise.

(2) The rule of law relating to perpetuities does not apply to any condition of a gift, bequest or devise to which the Institute has agreed.

(3) Nothing contained in the Stamp Duties Act 1920 applies to any real or personal property of any nature or kind whatsoever comprised in any gift, bequest or devise made to the Institute.