New South Wales Consolidated Acts

RUSSIAN ORTHODOX CHURCH (NSW) PROPERTY TRUST ACT 1991 - SECT 10

10 Trust may make advances

(1) The Trust may make advances out of its trust funds for any activity, service, institution or interest of the Diocese or of a Parish.

(2) Any such advance is taken to be an investment of the funds concerned and is to bear interest at a rate fixed by the Trust.

(3) If the terms of any such advance so provide, the advance and any interest on the advance are a charge on those assets (if any) that the Trust holds for the activity, service, institution or interest of the Diocese or of a Parish for which the advance was made.