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Dormant Funds Act 1942
18Commissioner and Tribunal not bound to follow Cy-pres principle
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18 Commissioner and Tribunal not bound to follow Cy-pres principle
18 Commissioner and Tribunal not bound to follow Cy-pres principle
In formulating proposals under this Act the Commissioner and the Tribunal shall give due consideration to the trusts of the dormant fund or the purposes for which the dormant fund may be utilised or applied but shall not be bound to comply with the principle known as the “Cy-pres principle”.
s 18: Am 2013 No 95, Sch 3.1 [13].