{"id":"nsw:act-1967-095","name":"Technical Education Trust Funds Act 1967","slug":"technical-education-trust-funds-act-1967","collection":"act","jurisdiction":"nsw","status":"in_force","isInForce":true,"actNumber":"95 of 1967","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":110869,"registerId":"nsw-act-1967-095-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Name of Act and commencement","content":"#### 1 Name of Act and commencement\n\n1 Name of Act and commencement\n\n> > (1) This Act may be cited as the [Technical Education Trust Funds Act 1967](/view/html/inforce/current/act-1967-095).\n> \n> > (2) This Act shall commence upon a day to be appointed by the Governor and notified by proclamation published in the Gazette.","sortOrder":0},{"sectionNumber":"2","sectionType":"section","heading":"Definitions","content":"#### 2 Definitions\n\n2 Definitions\n\n> > (1) In this Act, unless the context or subject-matter otherwise indicates or requires:\n> > \n> > award means an award of a prize, medal or scholarship, or a grant or donation, made for the purposes of substituted trusts and includes any like award for those purposes.\n> > \n> > by-laws means by-laws made under this Act.\n> > \n> > educational establishment means:\n> > \n> > > (a) an establishment conducted by the TAFE Commission,\n> > \n> > > (b) the University of Technology Sydney, or\n> > \n> > > (c) any college, institute or other educational body that is declared by the Governor, by notification published in the Gazette, to be an educational establishment for the purposes of this Act.\n> > \n> > Fund means a trust fund named in the First Column of Schedule 1, being a fund that was, immediately before becoming a Fund for the purposes of this Act, held on the trusts created by the trust instrument described in that Column in relation to that Fund.\n> > \n> > prescribed means prescribed by this Act or the by-laws.\n> > \n> > substituted trusts in relation to a Fund means the trusts specified in the Second Column of Schedule 1 opposite the name of the Fund in the First Column of Schedule 1.\n> > \n> > trust instrument means an instrument described in the First Column of Schedule 1.\n> \n> > (2) In sections 7, 8, 13 and 14, a reference to Statutory Trustees includes a reference to a statutory corporation that is a Statutory Trustee of a Fund.\n> \n> **s 2:** Am 1974 No 72, Sch 2; 1987 No 284, Sch 1; 1989 No 226, Sch 2; 1990 No 118, Sch 3; 1993 No 108, Sch 1; 1999 No 14, Sch 1 \\[1\\]–\\[4\\]; 2015 No 15, Sch 4.11.","sortOrder":1},{"sectionNumber":"3","sectionType":"section","heading":"Trustees may apply for trust fund to be brought under this Act","content":"#### 3 Trustees may apply for trust fund to be brought under this Act\n\n3 Trustees may apply for trust fund to be brought under this Act\n\n> The trustee or trustees of any fund held on trust for the advancement of education at an educational establishment may apply to the Minister for the fund to be brought under the provisions of this Act.\n> \n> **s 3:** Am 1974 No 72, Sch 2; 1989 No 226, Sch 2; 1990 No 118, Sch 3. Subst 1999 No 14, Sch 1 \\[5\\].","sortOrder":2},{"sectionNumber":"4","sectionType":"section","heading":"Order specifying trust fund to be a Fund","content":"#### 4 Order specifying trust fund to be a Fund\n\n4 Order specifying trust fund to be a Fund\n\n> If an application is made under section 3, the Governor may, by order published on the NSW legislation website:\n> \n> > (a) declare the trust fund that is the subject of the application to be a Fund for the purposes of this Act and specify the substituted trusts of the Fund, and\n> \n> > (b) appoint:\n> > \n> > > (i) the holders for the time being of two or more offices specified in the order to be the Statutory Trustees of the Fund, or\n> > \n> > > (ii) a statutory corporation specified in the order to be the Statutory Trustee of the Fund, and\n> \n> > (c) amend Schedule 1 to the extent necessary to give effect to the order.\n> \n> **s 4:** Subst 1999 No 14, Sch 1 \\[5\\]. Am 2009 No 56, Sch 4.76.","sortOrder":3},{"sectionNumber":"5","sectionType":"section","heading":"Divesting of Fund from previous trustees to Statutory Trustees","content":"#### 5 Divesting of Fund from previous trustees to Statutory Trustees\n\n5 Divesting of Fund from previous trustees to Statutory Trustees\n\n> > (1) On the day on which an order specifying a trust fund to be a Fund for the purposes of this Act takes effect:\n> > \n> > > (a) the trusts on which the Fund was held immediately before that day cease to have any effect, except to the extent that their operation is continued by or under this Act, and\n> > \n> > > (b) a person who held office as trustee of the Fund immediately before that day vacates that office, and\n> > \n> > > (c) any provision of a trust instrument relating to the appointment of new trustees or the retirement of trustees of the trust fund that comprises the Fund ceases to have effect, and\n> > \n> > > (d) the substituted trusts relating to the Fund become the trusts to which the Fund is subject, and\n> > \n> > > (e) the capital of the Fund is to be held on trust to be invested in accordance with the [Trustee Act 1925](/view/html/inforce/current/act-1925-014).\n> \n> > (2) On the day on which an order specifying a trust fund to be a Fund for the purposes of this Act takes effect, the Fund vests, without any conveyance or other assurance, in the persons or statutory corporation appointed under that order as the Statutory Trustees or Statutory Trustee of the Fund.\n> \n> > (3) A Fund for which two or more Statutory Trustees are appointed vests in those Statutory Trustees as joint tenants.\n> \n> **s 5:** Am 1974 No 72, Sch 2; 1980 No 24, Sch 2; 1984 No 153, Sch 16. Subst 1999 No 14, Sch 1 \\[5\\].","sortOrder":4},{"sectionNumber":"6","sectionType":"section","heading":"Change of Statutory Trustees","content":"#### 6 Change of Statutory Trustees\n\n6 Change of Statutory Trustees\n\n> > (1) The Governor may, by order published in the Gazette, change the Statutory Trustee or Statutory Trustees of a Fund.\n> \n> > (2) On the day on which the order takes effect:\n> > \n> > > (a) a person who, or a statutory corporation that, immediately before that day, was a Statutory Trustee of the Fund, ceases to be a Statutory Trustee of that Fund, and\n> > \n> > > (b) the Fund vests, without any conveyance or other assurance, in the persons or statutory corporation appointed under that order as the Statutory Trustees or Statutory Trustee of the Fund.\n> \n> > (3) A Fund in relation to which two or more Statutory Trustees are appointed vests in those Statutory Trustees as joint tenants.\n> \n> **s 6:** Subst 1999 No 14, Sch 1 \\[5\\].","sortOrder":5},{"sectionNumber":"6A","sectionType":"section","heading":"Holder of specified office changes","content":"#### 6A Holder of specified office changes\n\n6A Holder of specified office changes\n\n> > (1) On the day on which a person ceases to hold an office specified in an order made under section 4 or 6, the person ceases to be a Statutory Trustee of the Fund to which the order relates.\n> \n> > (2) On the day on which a person assumes an office specified in an order made under section 4 or 6, the person is taken to have been duly appointed as a Statutory Trustee of the Fund to which the order relates.\n> \n> > (3) That Fund vests, without any conveyance or other assurance, in that person and the other Statutory Trustees of that Fund as joint tenants.\n> \n> **s 6A:** Ins 1999 No 14, Sch 1 \\[5\\].","sortOrder":6},{"sectionNumber":"6B","sectionType":"section","heading":"Statutory corporation ceasing to exist","content":"#### 6B Statutory corporation ceasing to exist\n\n6B Statutory corporation ceasing to exist\n\n> > (1) On the day on which a statutory corporation, that is a Statutory Trustee of a Fund, is dissolved or otherwise ceases to exist:\n> > \n> > > (a) the statutory corporation ceases to be a Statutory Trustee of the Fund, and\n> > \n> > > (b) the Fund vests, without any conveyance or other assurance, in the person who holds the office of the Secretary of the Department of Industry.\n> \n> > (2) The person who holds the office of the Secretary of the Department of Industry is taken to be a Statutory Trustee of any Fund that vests in that person by virtue of subsection (1), but ceases to be such a Statutory Trustee if an order is made under section 6 in relation to that Fund.\n> \n> **s 6B:** Ins 1999 No 14, Sch 1 \\[5\\]. Am 2017 No 22, Sch 4.48.","sortOrder":7},{"sectionNumber":"6C","sectionType":"section","heading":"Fund vests in remaining Statutory Trustees or Secretary","content":"#### 6C Fund vests in remaining Statutory Trustees or Secretary\n\n6C Fund vests in remaining Statutory Trustees or Secretary\n\n> > (1) If a person ceases to be a Statutory Trustee by virtue of section 6A (1), and no other person holds the relevant office specified in relation to a Fund, the Fund vests, without any conveyance or other assurance:\n> > \n> > > (a) in the remaining Statutory Trustee (if there is only one), or\n> > \n> > > (b) in the remaining Statutory Trustees of the Fund as joint tenants.\n> \n> > (2) If all of the persons appointed as Statutory Trustees of a Fund cease to be Statutory Trustees of the Fund by virtue of section 6A (1), and all of the relevant offices specified in relation to that Fund are vacant, the Fund vests, without any conveyance or other assurance, in the person who holds the office of the Secretary of the Department of Industry.\n> \n> > (3) The person who holds the office of the Secretary of the Department of Industry is taken to be a Statutory Trustee of any Fund that vests in that person by virtue of subsection (2), but ceases to be such a Statutory Trustee if:\n> > \n> > > (a) an order is made under section 6 in relation to that Fund, or\n> > \n> > > (b) a person assumes an office specified in relation to that Fund.\n> \n> **s 6C:** Ins 1999 No 14, Sch 1 \\[5\\]. Am 2017 No 22, Sch 4.48.","sortOrder":8},{"sectionNumber":"6D","sectionType":"section","heading":"Provisions of Trustee Act 1925 not applicable","content":"#### 6D Provisions of Trustee Act 1925 not applicable\n\n6D Provisions of [Trustee Act 1925](/view/html/inforce/current/act-1925-014) not applicable\n\n> The provisions of the [Trustee Act 1925](/view/html/inforce/current/act-1925-014) relating to the appointment of new trustees and the retirement of trustees do not apply to or in respect of a Statutory Trustee.\n> \n> **s 6D:** Ins 1999 No 14, Sch 1 \\[5\\].","sortOrder":9},{"sectionNumber":"6E","sectionType":"section","heading":"Proof that person is Statutory Trustee","content":"#### 6E Proof that person is Statutory Trustee\n\n6E Proof that person is Statutory Trustee\n\n> A certificate, purporting to have been signed by the Secretary of the Department of Industry, to the effect that a person specified in the certificate is a Statutory Trustee for the time being of a Fund so specified is evidence of the matters certified.\n> \n> **s 6E:** Ins 1999 No 14, Sch 1 \\[5\\]. Am 2017 No 22, Sch 4.48.","sortOrder":10},{"sectionNumber":"7","sectionType":"section","heading":"Trustees may nominate value of, or refuse to make, an award","content":"#### 7 Trustees may nominate value of, or refuse to make, an award\n\n7 Trustees may nominate value of, or refuse to make, an award\n\n> > (1) Any award shall be of such value as the Statutory Trustees of the Fund from which it is made may determine when deciding to make an award.\n> \n> > (2) The Statutory Trustees of a Fund may decline to make an award from that Fund if, in their opinion:\n> > \n> > > (a) there is no student whose work is of sufficient merit to warrant an award,\n> > \n> > > (b) the income from that Fund is not sufficient to warrant an award,\n> > \n> > or for any other reason they deem to be sufficient in the circumstances.\n> \n> > (3) The Statutory Trustees of a Fund may, in their discretion, determine whether unexpended income from the Fund shall be treated as capital moneys and added to the Fund, or whether it shall be treated as accrued income for the purposes of awards from the Fund.","sortOrder":11},{"sectionNumber":"8","sectionType":"section","heading":"Common trust fund","content":"#### 8 Common trust fund\n\n8 Common trust fund\n\n> > (1) Statutory Trustees who are trustees of more than one Fund may establish, and carry to the credit of, a common trust fund any capital moneys of, or income from, the Funds of which they are trustees.\n> \n> > (2) Where a common trust fund is established pursuant to this section, the Statutory Trustees shall keep, or cause to be kept, proper books of account showing the amount for the time being at credit in the common trust fund on account of each contributing Fund.\n> \n> > (3) Moneys in a common trust fund shall not be credited thereto in the name or on account of any particular Fund but any interest or other profits thereon shall be shared proportionately according to the amount contributed by each Fund to the common trust fund and the period for which the contribution formed part of the common trust fund.\n> \n> > (4) The charges relating to the keeping of a common trust fund shall be borne by each contributing Fund in such manner and to such extent as the Statutory Trustees of the contributing Funds may from time to time in their discretion decide.\n> \n> > (5) The Statutory Trustees of the contributing Funds may withdraw money from a common trust fund for the purposes of the trusts reposed in them by this Act.","sortOrder":12},{"sectionNumber":"9","sectionType":"section","heading":"Saving of existing scholarships","content":"#### 9 Saving of existing scholarships\n\n9 Saving of existing scholarships\n\n> Every person who, immediately before a trust fund becomes a Fund to which this Act applies, held a scholarship awarded pursuant to trusts created by a trust instrument relating to that trust fund shall, so long as the person observes the terms and conditions applying to the scholarship when it was awarded, be entitled to continue to hold and enjoy the scholarship and to receive any payments or other benefits in respect thereof, as if this Act had not been enacted.\n> \n> **s 9:** Am 1999 No 14, Sch 1 \\[6\\].","sortOrder":13},{"sectionNumber":"10","sectionType":"section","heading":"Statutory Trustees not entitled to remuneration","content":"#### 10 Statutory Trustees not entitled to remuneration\n\n10 Statutory Trustees not entitled to remuneration\n\n> Statutory Trustees shall not be entitled to any fees or other remuneration in their capacity as trustees for the purposes of this Act.","sortOrder":14},{"sectionNumber":"11","sectionType":"section","heading":"Statutory Trustees not personally liable for acts in good faith","content":"#### 11 Statutory Trustees not personally liable for acts in good faith\n\n11 Statutory Trustees not personally liable for acts in good faith\n\n> A matter or thing done or omitted to be done by a Statutory Trustee who is an individual, or by a person acting under the direction of a Statutory Trustee (whether or not the Trustee is an individual) does not, if the matter or thing was done or omitted in good faith for the purpose of executing this Act or any by-law made under this Act, subject the individual or person so acting personally to any action, liability, claim or demand.\n> \n> **s 11:** Rep 1983 No 153, Sch 1. Ins 1999 No 14, Sch 1 \\[7\\].","sortOrder":15},{"sectionNumber":"12","sectionType":"section","heading":"Effective date of orders","content":"#### 12 Effective date of orders\n\n12 Effective date of orders\n\n> An order made by the Governor for the purposes of any of the provisions of this Act shall take effect upon the day on which it is published in the Gazette or, where some later day is specified in the order for the purpose, on that later day.","sortOrder":16},{"sectionNumber":"13","sectionType":"section","heading":"Surplus income","content":"#### 13 Surplus income\n\n13 Surplus income\n\n> > (1) Where, in the opinion of the Statutory Trustees of a Fund, the income of the Fund is more than sufficient for the purposes of the substituted trusts relating to that Fund, those trustees may expend the surplus income for the advancement of education as prescribed by by-laws relating to such income.\n> \n> > (2) Any income expended pursuant to subsection (1) shall be deemed to have been applied for the purposes of the substituted trusts relating to the Fund.","sortOrder":17},{"sectionNumber":"14","sectionType":"section","heading":"By-laws","content":"#### 14 By-laws\n\n14 By-laws\n\n> > (1) Statutory Trustees may, in relation to a Fund of which they are trustees, make by-laws not inconsistent with this Act or the substituted trusts relating to that Fund, for or with respect to all matters or things that by this Act are required or permitted to be prescribed or that are necessary or convenient to be prescribed for giving effect to this Act and those substituted trusts.\n> \n> > (2) Without limiting the generality of subsection (1), Statutory Trustees of a Fund may make by-laws referred to in that subsection for or with respect to:\n> > \n> > > (a) prescribing the terms and conditions upon which awards may be made,\n> > \n> > > (b) determining eligibility for awards,\n> > \n> > > (c) prescribing the courses, subjects or fields in respect of which, and the stages at which, an award may be made,\n> > \n> > > (d) specifying the purposes for which an award may be utilised,\n> > \n> > > (e) prescribing the educational establishment at which the conditions governing an award may be fulfilled,\n> > \n> > > (f) prescribing the form of an award,\n> > \n> > > (g) prescribing the time at which an award may be made,\n> > \n> > > (h) the expenditure of surplus income pursuant to section 13,\n> > \n> > > (i) empowering the Statutory Trustees to determine matters relating to awards in accordance with their opinion, or at their discretion, or to direct the manner in which such matters may be determined,\n> > \n> > > (j) empowering the Statutory Trustees to determine the terms and conditions on which, or the purposes for which, a scholarship may be awarded or an award by virtue of section 13, a grant or a donation may be made.\n> \n> > (3) A by-law may be general or particular in its application and its application may vary according to time, place or circumstance.\n> \n> > (4) When making a by-law, Statutory Trustees shall certify that they have had regard to the intentions of the donor of the Fund to which the by-law relates, as expressed by the trust instrument relating to that Fund.\n> \n> > (5) A by-law made under this Act shall be submitted to the Governor for approval.\n> \n> > (6) (Repealed)\n> \n> **s 14:** Am 1987 No 48, Sch 32.","sortOrder":18},{"sectionNumber":"15","sectionType":"section","heading":"Savings and transitional provisions","content":"#### 15 Savings and transitional provisions\n\n15 Savings and transitional provisions\n\n> Schedule 2 has effect.\n> \n> **s 15:** Ins 1999 No 14, Sch 1 \\[8\\].","sortOrder":19},{"sectionNumber":"Schedule 1","sectionType":"schedule","heading":"Trust funds","content":"# Schedule 1 Trust funds\n\nSchedule 1 Trust funds\n\n(Section 2)\n\n**sch 1, hdg (previously Sch, heading):** Subst 1999 No 14, Sch 1 \\[9\\].\n\n| First column | Second column |\n| Fund | Substituted Trusts |\n| John L. Bruce Memorial Fund.(Constituted in terms of Deed dated 17 August 1925, to provide for the award of an annual prize or annual prizes in connection with the Sanitation classes of Sydney Technical College.) | Upon trust to apply the income for the purpose of awarding a prize, to be known as the John L. Bruce Memorial Prize, as prescribed. |\n| William and Elizabeth Cuthbertson Memorial Fund.(Constituted by the will of William Neville Cuthbertson as recited in Deed dated 19 January 1954, registered Number 206 Book 2279, to provide for an annual award or annual awards for the advancement of the study of Marine Engineering and Naval Architecture at Sydney Technical College.) | Upon trust to apply the income for the purpose of awarding, in the name of William and Elizabeth Cuthbertson, prizes and medals, as prescribed. |\n| J. P. Franki Memorial Fund.(Constituted in terms of Deed dated 3 June 1926, to provide for the annual award:(a) of a gold medal and prize to an apprentice to Marine Engineering, and(b) a prize to an apprentice to the Mort’s Dock and Engineering Company Limited,and to establish a Marine Engineering Scholarship.) | Upon trust to apply the income for the purpose of awarding:(a) in the name of J. P. Franki, a medal and prize, and(b) if the income of the Fund is sufficient, a scholarship to be known as the “J. P. Franki Scholarship”,as prescribed. |\n| Archibald Howie Memorial Prize Fund.(Constituted in terms of Deed dated 13 July 1955, registered Number 671 Book 2364, to provide for the award of an annual prize to a student in the Diploma Course in Building at the University of New South Wales.) | Upon trust to apply the income for the purpose of awarding a prize, to be known as the “Archibald Howie Memorial Prize”, as prescribed. |\n| Thomas Irons Memorial Fund.(Constituted in terms of Deed dated 16 July 1919, to provide for the annual award of a medal to a student in certain trade classes in technical schools in the metropolitan area of Sydney). | Upon trust to apply the income for the purpose of awarding a medal, to be known as the “Thomas Irons Memorial Medal”, as prescribed. |\n| William Edmund Kemp Memorial Scholarship Fund.(Constituted in terms of Deed dated 15 September 1930, to provide for the award, from time to time, to a student in Architecture at Sydney Technical College, of a medal and a money prize as a travelling scholarship.) | Upon trust to apply the income for the purpose of awarding a medal, to be known as the “Kemp Memorial Medal” and a prize in the name of W. E. Kemp, as prescribed. |\n| A.H. Martin Memorial Prize Fund.(Constituted in terms of Deed dated 10 November 1952, registered Number 518 Book 2236, to provide for the award of an annual prize to a student in the Building Foreman and Clerk of Works Course at Sydney Technical College.) | Upon trust to apply the income for the purpose of awarding a prize, to be known as the “A. H. Martin Memorial Prize”, as prescribed. |\n| William King McLean Prize Fund.(Constituted in terms of Deed dated 13 August 1931, to provide for the award of an annual prize to a student in the Building Construction Course at Sydney Technical College.) | Upon trust to apply the income for the purpose of awarding a prize, to be known as the “William King McLean Prize”, as prescribed. |\n| Robert K. Murphy Research Fund.(Constituted in terms of Deed dated 12 February 1948, registered Number 911 Book 2046, to provide for the award from time to time of a scholarship in scientific research at Sydney Technical College or for the making of certain donations.) | Upon trust to apply the income for the purpose of:(a) awarding a scholarship, to be known as the “Robert K. Murphy Scholarship”,(b) awarding prizes, and(c) making grants or donations,as prescribed, or for any of those purposes. |\n| Dr Purdy Memorial Fund.(Constituted in terms of Deed dated 29 October 1941, to provide for the annual award of a medal in the Health Inspectors’ Certificate Course and prizes in the Health Inspectors’ Certificate Course, the Sanitary Law Course and the Industrial Hygiene Course, at Sydney Technical College.) | Upon trust to apply the income for the purpose of awarding, in the name of Dr Purdy, a medal and prizes, as prescribed. |\n| Mary Ellen Roberts Memorial Fund.(Constituted in terms of Deed dated 11 January 1932, to provide for the award from time to time of scholarships in connection with the Women’s Handicrafts Department of the Technical Education Branch.) | Upon trust to apply the income for the purpose of awarding, in the name of Mary Ellen Roberts, a scholarship tenable in the metropolitan area of Sydney and a scholarship tenable outside that area, as prescribed. |\n| Barrington Raymund Roberts Memorial Fund.(Constituted in terms of Deed dated 16 October 1980, to provide for an award from time to time for study at an institution or for a work/study programme either within or outside Australia or both in one or more fields covered by courses offered at the College of Catering Studies and Hotel Administration, Ryde.) | Upon trust to apply the income for the purpose of an award to be known as the “Barrington Raymund Roberts Memorial Award”, as prescribed. |\n| Noel Chettle Memorial Art Prize Fund.(Constituted in terms of Deed dated 15 June 1984, to provide for the award of an annual prize to a student in the School of Art and Design.) | Upon trust to apply the income for the purpose of awarding a prize to be known as the “Noel Chettle Memorial Art Prize”, as prescribed. |\n| Coachbuilders 1914–1919 War Memorial Bursary Fund (constituted in terms of an Order of the Commissioner of Dormant Funds dated 8 November 1973, to provide for the annual award of a prize to a student in a Vehicle Body trade course at an establishment conducted by the TAFE Commission, or any college, institute or other educational body that is declared by the Governor, by notification published in the Gazette, to be an educational institution for the purposes of the Technical Education Trust Funds Act 1967). | Upon trust to apply the income for the purpose of awarding a bursary, to be known as the “Coachbuilders 1914–1919 War Memorial Bursary”, as prescribed. |\n| Institute of Mechanical Engineering Craftsmen Prize Fund (constituted in terms of letter dated 29 September 1971, to provide for the annual award of prizes to students in Fitting and Machining classes at technical schools in New South Wales). | Upon trust for the purpose of awarding a prize, to be known as the “Institute of Mechanical Engineering Craftsmen Prize”, as prescribed. |\n| TAFE Bicentenary Oliver Shaul Scholarship Fund (constituted in terms of Deed dated 18 December 1987, to provide for the annual award of a travelling scholarship to a student in a commercial cookery course conducted by the TAFE Commission). | Upon trust to apply the income for the purpose of awarding a scholarship, to be known as the “TAFE Bicentenary Oliver Shaul Scholarship”, as prescribed. |\n| Bishop Brothers Memorial Fund (constituted in terms of Deed dated 13 May 1926, to provide for the annual award of a prize to a student, under 21 years of age attending a technical school and employed in the coachmaking section of the road vehicle trades (including motor body-building), for proficiency in trade linear drawing and projection). | On trust to apply the income for the purpose of awarding a prize, to be known as the “Bishop Brothers Memorial Prize”, as prescribed. |\n\n**sch 1 (previously Sch):** Am GG No 110 of 20.8.1982, p 3831; GG No 155 of 15.11.1985, p 6003; GG No 83 of 25.7.1997, p 5729; GG No 130 of 28.11.1997, p 9607.","sortOrder":20},{"sectionNumber":"Schedule 2","sectionType":"schedule","heading":"Savings and transitional provisions","content":"# Schedule 2 Savings and transitional provisions\n\nSchedule 2 Savings and transitional provisions\n\n(Section 15)\n\n**sch 2:** Ins 1999 No 14, Sch 1 \\[10\\].","sortOrder":21},{"sectionNumber":"Part 1","sectionType":"part","heading":"Preliminary","content":"# Part 1 Preliminary\n\nPart 1 Preliminary","sortOrder":22},{"sectionNumber":"Part 2","sectionType":"part","heading":"Provisions consequent on enactment of Technical Education Trust Funds Amendment Act 1999","content":"# Part 2 Provisions consequent on enactment of Technical Education Trust Funds Amendment Act 1999\n\nPart 2 Provisions consequent on enactment of [Technical Education Trust Funds Amendment Act 1999](/view/pdf/asmade/act-1999-14)","sortOrder":24}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":true,"description":"The legislation has expanded significantly from its original 1967 scope. Initially designed to bring specific existing technical education trusts under statutory management, it has grown to include: (1) a broader range of educational establishments beyond original technical colleges (now including UTS and any declared institution); (2) modern administrative mechanisms for trustee succession that didn't exist in the original Act; (3) 17 specific funds listed in Schedule 1, many added after 1967 (including funds established as late as 1987); and (4) comprehensive 1999 amendments restructuring the entire trustee appointment and succession system. The Act has effectively become a perpetual statutory framework for managing historical technical education endowments, rather than a one-off transfer mechanism."},"complexity_factors":["Multiple mechanisms for trustee succession (sections 6, 6A, 6B, 6C) with overlapping conditions","Extensive cross-referencing between sections 4, 6, 6A, 6B and 6C regarding vesting of funds","Schedule 1 contains 17 specific funds with individual substituted trust conditions","Interaction between original trust instruments, substituted trusts, and by-laws creates three layers of rules","Transitional provisions in Schedule 2 preserving pre-1999 arrangements","Defined terms include recursive definitions ('award' includes awards for substituted trusts)","Conditional vesting provisions requiring tracking of multiple scenarios (dissolution of corporations, vacancy of offices, assumption of new offices)"],"plain_english_summary":"This law manages charitable trust funds set up to support technical education in New South Wales. It allows private trusts (originally created by donors for specific technical colleges or courses) to be transferred to government-appointed trustees called 'Statutory Trustees'. Once transferred, the original trust rules are replaced with standardised 'substituted trusts' listed in Schedule 1.\n\n**Key things the Act does:**\n\n- **Brings private education trusts under government management**: Trustees of existing funds can apply to have their fund brought under this Act. The Governor then issues an order appointing Statutory Trustees (either specific office-holders or a government corporation) to manage the fund.\n\n- **Replaces old trust rules**: When a fund comes under the Act, the original trust deed stops applying (except for existing scholarship holders) and is replaced by the standardised trusts in Schedule 1. The capital must be invested under the Trustee Act 1925.\n\n- **Handles changes in trustees automatically**: If a Statutory Trustee leaves office, dies, or a corporation is dissolved, the fund automatically transfers to remaining trustees or falls back to the Secretary of the Department of Industry as a safety net.\n\n- **Allows pooling of funds**: Statutory Trustees managing multiple funds can combine them into a common investment pool, with profits shared proportionally.\n\n- **Gives trustees discretion over awards**: Statutory Trustees decide the value of prizes, medals and scholarships, can refuse to make awards if funds are insufficient or no student merits one, and can treat unspent income as either capital or future award money.\n\n- **Protects existing scholarship holders**: Anyone already holding a scholarship when their fund comes under the Act keeps their scholarship on the original terms.\n\n- **Allows by-laws**: Statutory Trustees can make detailed rules about eligibility, course requirements, and how awards are made, provided they consider the original donor's intentions.\n\n**Who it affects:**\n- Students at TAFE colleges, the University of Technology Sydney, and other declared educational institutions who might receive prizes, medals or scholarships from these funds.\n- The original trustees of charitable education trusts who want to transfer management to the government.\n- Government officials appointed as Statutory Trustees.\n\n**Why it matters:**\nThis Act preserves historical charitable gifts for technical education while making them easier to administer. Rather than having dozens of separate private trusts with individual trustees, the funds are managed consistently by government appointees, ensuring the money continues supporting students as the donors intended, even as educational institutions change names or structures over time."},"flash_summary":{"complexity_score":4,"scope_assessment":{"changed":true,"description":"The Act’s core scope—bringing specified education-related trusts under a uniform statutory regime—remains but was administratively changed by later amendments. The substituted s 4 updates how a trust is declared a Fund and how Statutory Trustees are appointed and published, and the Act now accommodates appointment of statutory corporations and automatic vesting on office-holder change (see s 4; ss 6–6C). Transitional clauses preserve existing scholarships and prior trustee appointments (Schedule 2, Part 2, ss 3–4)."},"complexity_factors":["Vesting and appointment mechanics: automatic vesting in Statutory Trustees on orders and on office-holder changes (ss 4–6A, 6B, 6C).","Substituted trusts and Schedule mapping: each Fund is tied to specific substituted trusts in Schedule 1 requiring careful matching of original instruments to statutory terms (s 2, Schedule 1).","Delegation and discretion: wide discretionary powers for Statutory Trustees to make awards, treat income as capital, and make by-laws subject to Governor’s approval (ss 7, 13, 14).","Interaction and carve-outs with Trustee Act 1925: Fund capital invested under Trustee Act but some Trustee Act provisions are expressly inapplicable to Statutory Trustees (s 5, s 6D).","Administrative requirements: record-keeping for common trust funds, by-law certification of donor intent and Governor approval processes (s 8, s 14(4)–(5)).","Liability and remuneration rules: trustees receive no fees and have limited personal liability for acts done in good faith (ss 10–11).","Transitional and publication formalities: amendments affect how orders are published and preserve prior operations and appointments, adding transitional complexity (Schedule 2, Part 2)."],"plain_english_summary":"This Act creates a single statutory regime for certain education-related trusts: the Governor can declare a trust to be a Fund, appoint Statutory Trustees, vest the fund in them and substitute the original trusts with prescribed trusts. Statutory Trustees run awards and scholarships, make by-laws, pool funds into common trust funds and may spend surplus income as prescribed. It affects trustees, donors, declared educational establishments and scholarship recipients because it changes who controls funds, how awards are decided and the administrative obligations trustees must follow."},"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"issue_detection":{"absurdities":[],"contradictions":[]},"summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"Based on the available metadata, there is no indication that the scope of the Act has changed significantly from its original 1967 intent of governing trust funds for technical education. The responsible minister's portfolio remains directly aligned with the Act's subject matter (skills and TAFE), and the limited amendment history suggests the core purpose has remained consistent."},"complexity_factors":["Very limited legislative text was provided — only metadata and navigation elements, making substantive analysis impossible","Trust fund legislation can involve financial and administrative mechanisms, but the title suggests a narrow, specific purpose","The Act has been in force since 1967 with only a small number of amendments, suggesting relatively stable and uncomplicated provisions","Responsibility sits with a single minister, indicating straightforward administrative oversight"],"plain_english_summary":"The Technical Education Trust Funds Act 1967 (NSW) creates and governs trust funds dedicated to technical (vocational/TAFE) education in NSW. It affects TAFE and related institutions, students and prospective students, donors, and the NSW government administrators who manage skills funding. The Act ensures money earmarked for technical education is held and spent for that purpose, protecting those funds from diversion."}},"importantCases":[],"_links":{"self":"/api/acts/technical-education-trust-funds-act-1967","history":"/api/acts/technical-education-trust-funds-act-1967/history","analysis":"/api/acts/technical-education-trust-funds-act-1967/analysis","conflicts":"/api/acts/technical-education-trust-funds-act-1967/conflicts","importantCases":"/api/acts/technical-education-trust-funds-act-1967/important-cases","documents":"/api/acts/technical-education-trust-funds-act-1967/documents"}}