CHARITIES ACT 1978 - SECT 1A Definitions

CHARITIES ACT 1978 - SECT 1A

In this Act—

"eligible property" means property given for charitable purposes where the total value of the corpus of the property—

        (a)     is less than $500 000 or an amount fixed under section 4A, whichever is the greater; or

        (b)     does not exceed $50 000 or an amount fixed under section 4A, whichever is the greater and the property is given for specific charitable purposes which fail;

"the court" means the Supreme Court.

Part I—The application of the cy près doctrine to charities