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VARIATION OF TRUSTS ACT 1994 - SECT 6 Power of Supreme Court to vary charitable trusts

VARIATION OF TRUSTS ACT 1994 - SECT 6

Power of Supreme Court to vary charitable trusts

(1)  If, on application by the trustees, the Court is satisfied that circumstances exist justifying the variation of the purposes for which property may be applied under a charitable trust, the Court may approve of a scheme varying the purposes for which the property is required or permitted to be applied under the trust.
(2)  On approval of a scheme varying the purposes for which the trust property is required or permitted to be applied under a charitable trust, those purposes are taken to be varied in accordance with the approved scheme.
(3)  The Court must not approve of a scheme under this section unless of opinion that the scheme accords as far as reasonably practicable with the spirit of the original gift.