New South Wales Consolidated Acts

NATIONAL TRUST OF AUSTRALIA (NEW SOUTH WALES) ACT 1990 - SECT 16

16 Power to dispose etc of property

(1) The Trust may sell, lease, mortgage, charge or otherwise dispose of, deal with or encumber any property vested in the Trust but, in the case of any property affected by any trust or condition, may do so only:

(a) in accordance with the terms of the trust or condition, or

(b) as otherwise permitted by this Part.

(2) The actions in relation to property which are described in subsection (1) are referred to in this Part as "property transactions".