Commonwealth Consolidated Acts

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SCIENCE AND INDUSTRY RESEARCH ACT 1949 - SECT 9A

Organisation may accept gifts etc. and act as trustee

  (1)   The Organisation may, in or in connection with the performance of its functions and the exercise of its powers:

  (a)   accept money or other property given, devised, bequeathed, assigned or otherwise made available to the Organisation (whether on trust or otherwise); and

  (b)   agree to any conditions subject to which money or other property is given, devised, bequeathed, assigned or otherwise made available to the Organisation; and

  (c)   act as trustee of money or other property vested in the Organisation upon trust.

  (2)   Notwithstanding anything contained in this Act, where the Organisation has agreed to any conditions subject to which moneys have, or other property has, been given, devised, bequeathed, assigned or otherwise made available to the Organisation or the Organisation holds any moneys or other property upon trust, the moneys or other property shall be dealt with by the Organisation in accordance with those conditions or in accordance with the powers and duties of the Organisation as trustee, as the case may be.



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