Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) A trust (the licensee perpetual care trust ) is established.
(2) The licensee perpetual care trust may be used only for the maintenance of a closed facility.
(3) The licensee perpetual care trust is—
(a) taken to be a charitable trust established for public trust charitable purposes; and
(b) not-for-profit.
(4) A regulation may prescribe a kind of expenditure as expenditure that is, or is not, expenditure for the maintenance of a closed facility.
(5) In this section:
"closed facility" means a facility that was closed in accordance with an approval given under section 54.
7 New part 7A
insert
Part 7A Maintenance of closed facilities