18Functions of Trust

18 Functions of Trust

*[Section 18 Amended by No. 5 of 1990, s. 3 and Sched. 1 ]**[Section 18 Amended by No. 14 of 1994, s. 20 ]*The functions of the Trust are as follows:

(a) to administer any property acquired by it by gift, bequest, or devise according to the terms, if any, of the instrument which gives effect to any such gift, bequest, or devise;

(b) to ensure that any condition to which such a gift, bequest, or devise is subject is complied with; and

(c) to submit to the Secretary, as soon as practicable after 30th June in each financial year, a report of its affairs and activities in relation to that financial year.