5Functions of Land Trusts

5 Functions of Land Trusts

(1) The functions of a Land Trust are: (a) to hold title to land vested in it in accordance with this Act; (b) to exercise its powers as owner of land referred to in paragraph (a) for the benefit of the Aboriginals concerned; and (c) where the Land Trust is named as the grantee of land in a deed of grant held in escrow by a Land Council—to acquire, as and when practicable, the estates and interests of other persons in the land with a view to the surrender to the Crown of those estates and interests and the delivery to the Land Trust of the deed of grant held by the Land Council. (2) A Land Trust: (a) shall not exercise its functions in relation to land held by it except in accordance with a direction given to it by the Land Council for the area in which the land is situated; and (b) where such a direction is given to it—shall take action in accordance with that direction. (3) The Lands Acquisition Act 1989 does not apply to the acquisition by a Land Trust, under this Act, of an estate or interest in land.