18BReport of state of affairs of Trust

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18B Report of state of affairs of Trust

The committee of management of a Trust must prepare for each financial year a report concerning the state of affairs of the Trust during that financial year, including—

(a) a statement of the amount (if any) which the committee has determined is available for distribution in the form of dividends; and

(b) with respect to the assets of the Trust, a statement setting out their estimated current market value and the liabilities charged on or relating particularly to those assets.

S. 18C inserted by No. 33/2013 s. 12.

Section 18B - Aboriginal Lands Act 1970 - Report of state of affairs of Trust | Zoe