(1)  The Heritage Council, with the Treasurer's approval, may –

(a) accept money or property on trust; and

(b) invest any money held by it on trust in accordance with section 5 of the Trustee Act 1898 .

(2)  The Heritage Council may apply any money or property accepted by it on trust otherwise than in accordance with the trust or any condition on which it was accepted only if that application is in relation to its powers and functions.