Victorian Consolidated Legislation

Melbourne University (VCAH) Act 1997 - SECT 5

Gifts, trusts etc.

5. Gifts, trusts etc.

If-

   (a)  before or after 1 July 1997-

   (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 Company; and

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

the gift, disposition, trust or trust fund does not fail only because of the
provisions of this Act, but, in relation to any other matter occurring on or
after that date-

   (c)  in the case of a gift, disposition or trust of property, takes effect
        as if made or declared to or in favour of The University of Melbourne
        or a company referred to in section 40A of the
        Melbourne University Act 1958 for a purpose of The University of
        Melbourne or such a company that corresponds with, or is similar to,
        those purposes of the Company 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
        The University of Melbourne or a company referred to in section 40A of
        the Melbourne University Act 1958 for a purpose of The University of
        Melbourne or such a company that corresponds with, or is similar to,
        those purposes of the Company for which the fund was created.