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Royal Victorian Institute for the Blind and other
Agencies (Merger) Bill
Introduction Print
EXPLANATORY MEMORANDUM
Clause Notes
Preamble provides a summary of the background to the Bill.
Three charitable organisations that provided services for the
blind and vision impaired merged their activities into a single
organisation under a scheme of arrangement approved by the
Federal Court in July 2004.
The three organisations were the Royal Victorian Institute for the
Blind, the Royal Blind Society of New South Wales and Vision
Australia Foundation. Under the scheme, all the property,
undertakings and liabilities of those bodies were vested in a new
combined agency, Vision Australia Ltd.
The purpose of the Bill is to provide that any bequests, gifts or
trusts in favour of any of the three merged organisations that had
not vested before the merger do not fail but have effect as if made
in favour of Vision Australia Ltd.
Clause 1 states the purpose of the Bill.
Clause 2 provides for the commencement of the Act.
Clause 3 defines certain terms for the purposes of the Bill, including the
new Combined Agency and the merged agencies.
Clause 4 provides for the saving of bequests, gifts, dispositions and trusts
expressed to be in favour of any of the merged agencies.
Sub-clause (1) provides that the clause applies if, before, on or
after the commencement of the Act and whether before, on or
after the date of the merger, a bequest, gift, disposition or trust of
property had been declared or a trust fund created in favour of
any of the merged agencies.
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Sub-clause (2) provides that any such bequests, gifts, dispositions
or trusts take effect as if made in favour of Vision Australia Ltd
and, where made for a charitable purpose of a merged agency,
take effect for a corresponding charitable purpose of Vision
Australia Ltd.
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