Queensland Consolidated Acts

JAMES COOK UNIVERSITY ACT 1997 - SECT 42

42 Amendment of terms of trusts and gifts

(1) This section applies if—

(a) property is held by the university on terms requiring the property to be used for a particular purpose (the
"donor’s purpose" ); and

(b) the council is satisfied—

(i) the donor’s purpose—

(A) has been wholly or substantially achieved; or

(B) no longer exists; or

(C) has been adequately provided for in another way; or

(D) is uncertain, can not be identified, or is insufficiently defined; or

(E) becomes impossible, impractical or inexpedient to carry out; or

(ii) the property is inadequate for the donor’s purpose.

(2) The council may set up and maintain a scheme for the use of the property for another purpose (the
"designated purpose" ).

(3) The scheme must be in writing.

(4) The university must without charge give a copy of the scheme to anyone who asks for it.