4A trust to be established in respect of each common

#### 4 A trust to be established in respect of each common 4 A trust to be established in respect of each common > > (1) Whenever a parcel of land is set aside as a common after the commencement of this section, the Minister must, by notice published in the Gazette: > > > > > (a) establish a trust in respect of the common, and > > > > > (b) assign a corporate name to the trust. > > > (2) A trust established under subsection (1) is constituted by this Act as a corporation with the corporate name assigned in the notice establishing the trust. > > > (3) A body corporate constituted in respect of a common by section 4 of the former Act and in existence immediately before the commencement of this section continues in existence under this Act and is established as a trust in respect of the common for the purposes of this Act. > > > (4) The Minister may, by notice published in the Gazette, alter the corporate name of a trust. > > > (5) A trust established in respect of a common has the functions conferred or imposed on it by or under this or any other Act. > > > (6) The affairs of a trust shall be managed: > > > > > (a) by a trust board, or > > > > > (b) by a local authority appointed under section 7, or > > > > > (c) where an administrator is appointed under section 5 or 48—by the administrator. > > > (7) Section 50 of the [Interpretation Act 1987](/view/html/inforce/current/act-1987-015) applies to a trust, but subsection (1) (d) of that section is, in its application to a trust, subject to the provisions of Division 4.