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Legislation of the Anglican Church in Victoria

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CENTRAL DIOCESAN FUND ACT (BALLARAT DIOCESE)

No. 17
CENTRAL DIOCESAN FUND ACT 1988

1. There shall be a Central Diocesan Fund.

2. The capital of the Central Diocesan Fund (hereinafter called “the Fund”) shall consist of the existing capital of such Fund at the commencement of this Act and of donations bequests and other increments to such capital as may be made from time to time.

3. The Fund shall be administered by the Bishop-in-Council which shall have power:

(a) To make investments authorised by The Ballarat Diocesan Trustees and Powers of Investment Act and all such investments shall be made in the name of The Ballarat Diocesan Trustees, and

(b) to determine in its discretion from time to time what money shall be allocated and used as capital and income with power to vary such allocations.

4. The income of the Fund shall include income to the credit of the fund at the commencement of this Act and all donations subscriptions voluntary pledges and assessments of parishes and districts as hereinafter provided income derived from the capital of the Fund and any other income payable to the Fund pursuant to any Act of Synod.

5. The Bishop-in-Council shall collect income for the Fund by such means as it may determine from time to time including parochial and district assessments or voluntary pledges or otherwise and shall disburse the income of the Fund in such a manner as to finance the work of the Church as is deemed desirable from time to time and to meet the costs of the administration of the Fund.

6. The Bishop-in-Council shall cause to be prepared yearly an audited statement of accounts for the previous financial year and shall present the same to the then next ensuing Session of Synod.


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