COLLECTIONS FOR CHARITABLE PURPOSES ACT 1939 - SECT 17

COLLECTIONS FOR CHARITABLE PURPOSES ACT 1939 - SECT 17

17—Vesting of funds in Minister

        (1)         The Governor may, by proclamation, vest in the Minister the moneys and securities for moneys held for any charitable purpose by or on behalf of any person, society, body, or association to whom or to which a licence is or has been issued under this Act, on being satisfied—

            (a)         that a majority of at least three-fourths in number of the persons who are trustees or who have the control of the moneys or securities for money have consented to the vesting; or

            (b)         there has been maladministration of the moneys or securities.

        (2)         Subject to subsection (3), the moneys and securities vested in the Minister by a proclamation under this section will be held on the trusts on which they were held immediately before being vested in the Minister.

        (3)         The Governor may, by proclamation, vary the trusts and authorise the Minister to apply the moneys and securities, or any part of the moneys and securities, to charitable purposes specified in the proclamation.