ABORIGINAL LANDS ACT 1970 - SECT 18B Report of state of affairs of Trust

ABORIGINAL LANDS ACT 1970 - SECT 18B

The committee of management of a Trust must prepare for each financial year a report concerning the state of affairs of the Trust during that financial year, including—

        (a)     a statement of the amount (if any) which the committee has determined is available for distribution in the form of dividends; and

        (b)     with respect to the assets of the Trust, a statement setting out their estimated current market value and the liabilities charged on or relating particularly to those assets.

S. 18C inserted by No. 33/2013 s. 12.