CHARITIES ACT 1978 - SECT 7H Attorney-General may approve application of Part

CHARITIES ACT 1978 - SECT 7H

    (1)     The Attorney-General, in his or her absolute discretion, may approve an application made under section 7F if the Attorney-General is satisfied that it is appropriate in the circumstances for this Part to apply to those trustees in respect of the eligible property.

    (2)     An approval under this section—

        (a)     may be subject to any provisions and conditions that the Attorney-General thinks fit; and

        (b)     may authorise the investment of the eligible property in common funds by the trustees, despite the trustees having no such power pursuant to the relevant trust instrument.

    (3)     The Attorney-General does not, by virtue of this Part, have any greater powers than are exercisable by the court in charity proceedings.

    (4)     In any case where the Attorney-General approves the application of this Part in respect of trustees of eligible property, the trustees are not subject to any liability for breach of trust arising solely from their investment of that eligible property in common funds, in accordance with this Part.

S. 7I inserted by No. 11/2005 s. 9.