Victorian Current Acts

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COPTIC ORTHODOX CHURCH (VICTORIA) PROPERTY TRUST ACT 2006 - SECT 12

Pooling of trust funds

    (1)     The Trust may invest trust funds held by it for different purposes, or any part of those funds, as one or more common funds.

    (2)     Any income arising from the investment of a common fund may be distributed rateably for the benefit of carrying out the several purposes for which the money invested is held on trust.

    (3)     Any loss arising from the investment of a common fund is to be distributed rateably to the detriment of carrying out the several purposes for which the money invested is held on trust.

Part 3—The Trust as trustee for the Church
and successor of the Church Associations



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