14Powers of Trust

14 Powers of Trust

14 Powers of Trust

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,