Victorian Consolidated Legislation

Monash University (Chisholm and Gippsland) Act 1990 - SECT 5

Gifts, trusts etc.

5. Gifts, trusts etc.



If-

   (a)  before or after the Appointed Day-

   (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, a Merging Institute; 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 the Appointed
        Day-

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 the Appointed Day-

   (c)  in the case of a gift, disposition or trust of property, takes effect
        as if made or declared to or in favour of Monash for a purpose of
        Monash that corresponds with, or is similar to, those purposes of the
        Merging Institute 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
        Monash for a purpose of Monash that corresponds with, or is similar
        to, those purposes of the Merging Institute for which the fund was
        created.