What it does
This Act authorises trustees of five specifically listed parcels of land (the Schedule) that are held on charitable trusts to do two principal things, but only with the written consent of the Attorney-General and subject to conditions set out in the Act. First, trustees may grant leases of up to ninety-nine years of those lands to a municipality, to the Returned Sailors' Soldiers' and Airmen's Imperial League of Australia (or any branch or sub‑branch), or to any body approved by the Attorney‑General (s 2(1)). Second, trustees may transfer or convey those lands to the trustees of a patriotic fund (as defined in the Patriotic Funds Act 1939) or to a municipality (s 3(1)). The Act makes both powers available only "unless expressly prohibited by the trust instrument" (ss 2(1), 3(1)).
Consent from the Attorney‑General is a precondition and is subject to substantive thresholds: for leases the Attorney‑General must be satisfied that satisfactory facilities will remain available for the continued charitable purposes for which the land is used (s 2(2)); for transfers the Attorney‑General must be satisfied that the charitable trusts have failed and cannot reasonably be implemented (s 3(2)). The Attorney‑General also has broad drafting and approval powers over lease terms (s 2(3)(a), (b), (c)) and over the conditions, trusts and consideration for any transfer (s 3(3)(a), (b)). Where a transfer or conveyance is executed under s 3, the pre‑existing trusts on the land "shall cease and determine" (s 3(4)).
Before giving any consent under the Act the Attorney‑General must cause a statement of the proposed terms of consent and the facts of the case to be laid on the table of both Houses of Parliament and must not give consent until that statement has lain on the table for at least twenty‑eight days (s 4). The Act expressly states that it is to be read in aid of, and not in derogation from, any other powers of trustees (s 5). The Schedule lists the five specific parcels of land to which the Act applies; no general power over other charitable lands is created.