Australian Capital Territory Repealed Acts

This legislation has been repealed.

CANBERRA INSTITUTE OF THE ARTS ORDINANCE 1988 - SECT 47

        (a)     shall pay trust money into an account or accounts referred to in subsection 63J (1) of the Audit Act 1901 (as that subsection applies to the Institute) containing no money other than trust money;

        (b)     shall apply or deal with trust money and trust property only in accordance with the powers and duties of the Institute as trustee; and

        (c)     may only invest trust money—

              (i)     in a manner in which the Institute is authorised to invest the money by the terms of the trust; or

              (ii)     in a manner in which trust money may be lawfully invested.

Exemption from taxation