Victoria University of Technology Act 1990 - SECT 55 Gifts, trusts etc.

This legislation has been repealed.

Victoria University of Technology Act 1990 - SECT 55

Gifts, trusts etc.

55. 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, an Amalgamating
        Institute; and

   (b)  the gift, trust, disposition 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 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 the University for a purpose
        of the University that corresponds with, or is similar to, those
        purposes of the Amalgamating 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
        the University for a purpose of the University that corresponds with,
        or is similar to, those purposes of the Amalgamating Institute for
        which the fund was created.