Victorian Consolidated Legislation

Marcus Oldham College Act 1995 - SECT 7

Gifts, trusts etc.

7. Gifts, trusts etc.

If-

   (a)  before or after the commencement of this Part-

   (i)  a gift, disposition or trust of property is made or declared or is
        deemed to have been made or declared; or

   (ii) a trust fund is created-

(whether by deed, will or otherwise) to, in favour of, for the use of, or for
the purposes of, the unincorporated College; and

   (b)  the gift, disposition, trust or trust fund takes effect, or may make
        effect, or the trust fund may be applied, on or after that
        commencement-

the gift, disposition, trust or trust fund does not fail only because of the
provisions of this Part, but on or after that commencement-

   (c)  in the case of a gift, disposition or trust of property, takes effect
        as if made or declared to or in favour of Marcus Oldham College for a
        purpose of Marcus Oldham College that corresponds with, or is similar
        to, those purposes of the unincorporated College for which it was made
        or declared; or

   (d)  in the case of a trust fund, may be applied as if created in favour of
        Marcus Oldham College for a purpose of Marcus Oldham College that
        corresponds with, or is similar to, those purposes of the
        unincorporated College for which the fund was created.