Victorian Consolidated Legislation

Coptic Orthodox Church (Victoria) Property Trust Act 2006 - SECT 16

Application of trust funds

16. Application of trust funds



(1) A trust fund that, before the appointed day, has been created (whether by
deed, will or otherwise) in favour of, or for a purpose of, the Bishop (on
behalf of the Church), the Church or a Church association-

   (a)  does not fail only because of the provisions of this Act; and

   (b)  if it is capable of being applied to any extent on or after the
        appointed day, may be applied to that extent as if it were created-

   (i)  in favour of the Trust; and

   (ii) for a purpose of the Trust corresponding with, or similar to, the
        purpose for which it was created.

(2) A trust fund that, on or after the appointed day, is created (whether by
deed, will or otherwise) in favour of, or for a purpose of, the Bishop (on
behalf of the Church), the Church or a Church association may be applied as if
it were created-

   (a)  in favour of the Trust; and

   (b)  for a purpose of the Trust corresponding with, or similar to, the
        purpose for which it was created.