Subject to section 12 (2), the Trust shall have power:
(a) to hold on behalf of the Church any property vested in the Trust by virtue of the operation of section 12 and to manage, administer, sell, exchange, mortgage, lease, dispose of or otherwise deal with any such property in accordance with any direction of the Synod or the Church Council given in that behalf,
(b) to hold on behalf of any Congregation, Parish, Society, Association, Auxiliary or Institution of the Church any property transferred by or by the direction of that Congregation, Parish, Society, Association, Auxiliary or Institution to the Trust and to manage, administer, sell, exchange, mortgage, lease, dispose of or otherwise deal with any such property in accordance with any direction of the Congregation, Parish, Society, Association, Auxiliary or Institution on whose behalf the property is so held, or if the Congregation, Parish, Society, Association, Auxiliary or Institution ceases to exist, then in accordance with any direction of the Synod or the Church Council given in that behalf,
(c) to take in the name of the Trust and to hold any property devised, bequeathed, lent or otherwise made available by or under any will, deed of gift, deed of trust or other instrument for the support or advancement of any of the activities, work or objects of the Lutheran Church of Australia whether any particular activity, work or object is specifically named or referred to in that will, deed of gift, deed of trust or other instrument or not,
(d) where conditions attach to any property referred to in paragraph (c) by reason of the provisions of a will, deed of gift, deed of trust or other instrument, to manage, administer, sell, exchange, mortgage, lease, dispose of or otherwise deal with any such property in accordance with those conditions, or where no conditions attach or in so far as those conditions do not extend or are not applicable to any such property, to manage, administer, sell, exchange, mortgage, lease, dispose of or otherwise deal with any such property in accordance with any direction of the Synod or the Church Council given in that behalf,
(e) to apply the proceeds, profits or income of, or arising from, the management, administration, sale, exchange, mortgage, lease, disposal of or other dealing with property referred to in paragraph (c) in accordance with the conditions (if any) attaching thereto by the will, deed of gift, deed of trust or other instrument concerned, or, if no such conditions attach thereto or in so far as those conditions do not extend or are not applicable thereto, to apply those proceeds or profits or that income in accordance with any direction of the Synod or the Church Council given in that behalf,
(f) to purchase, lease or otherwise acquire property and hold property in the name of the Trust as directed by the Synod or the Church Council or as requested by any Congregation, Parish, Society, Association, Auxiliary or Institution of the Church and to manage, administer, sell, exchange, mortgage, lease, dispose of or otherwise deal with any such property in accordance with the like directions,
(g) to do all things necessary for the proper administration of the properties, estates, bequests or trusts held by the Trust subject to the limitations imposed by law,
(h) to refuse to hold or manage or administer any property in the hands of or acquired by or on behalf of any Congregation, Parish, Society, Association, Auxiliary or Institution of the Church unless directed by the Synod or the Church Council so to do,
(i) to invest any money held by it and not required to be dealt with otherwise in such manner and on such security as may be directed by the Synod or the Church Council and failing any such direction to invest that money in:
(i) securities authorised or deemed to be authorised by any law in force for the time being relating to the investment of trust funds,
(ii) any security which may, in the opinion of the Trust, benefit the activities, work or objects of the Church or any Congregation, Parish, Society, Association, Auxiliary or Institution of the Church on whose behalf the money is held,
(iii) loans to any Congregation, Parish, Society, Association, Auxiliary or Institution of the Church in New South Wales or the Australian Capital Territory, or
(iv) loans to any person or organisation where the principal money will be used for the support or advancement of the activities, work or objects of the Lutheran Church of Australia,
(j) to borrow on such terms and for such purposes as it shall consider expedient or as may be directed by the Synod or the Church Council and to use the money so borrowed according to its own discretion or if the Synod or the Church Council gives directions as to use, then in accordance with those directions,
(k) at the request of any Congregation, Parish, Society, Association, Auxiliary or Institution of the Church on whose behalf it holds title to property, to mortgage that property to support a liability undertaken by the Congregation, Parish, Society, Association, Auxiliary or Institution, and
(l) to borrow against any trust property such sums as may be necessary to insure or otherwise protect any such property.