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Batchelor Institute of Indigenous Tertiary Education Act 1999
39Gifts etc. and trust funds
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39 Gifts etc. and trust funds (1) The Institute may agree to and carry out the conditions of a gift, grant, bequest, devise, purchase, lease or any other means of conveyance or transfer by which it acquires, holds and uses property for its purposes. (2) The Council may create and administer a trust fund or trust funds for any purpose relating to the performance of its functions that it considers appropriate, including for the purpose of acquiring or holding property.