Victoria act

Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005

In ForceVIC

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Victoria

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act

Plain English Summary

3/10 complexity

This Act treats bequests, gifts, dispositions and trusts made to three named merged agencies as if they were made to Vision Australia Limited, so property and charitable funds vest in or may be applied for Vision Australia (s.4). It affects donors, executors, trustees and Vision Australia by redirecting legal entitlement without needing changes to existing wills or deeds; it operates from the day after Royal Assent and applies retrospectively and prospectively (s.2, s.4(1)).

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Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005

i Version No. 001 Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005 Act No. 64/2005 Version as at 21 September 2005 TABLE OF PROVISIONS Section Page

Purpose 1
Commencement 2
Definitions 2
Bequests, gifts, dispositions and trusts 2 ═══════════════ ENDNOTES 4
General Information 4
Table of Amendments 5
Explanatory Details 6

1 Version No. 001 Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005 Act No. 64/2005 Version as at 21 September 2005 Preamble RBS.RVIB.VAF Limited was incorporated under the Corporations Act on 11 May 2004. A merger of the Royal Victorian Institute for the Blind Limited, Royal Blind Society of New South Wales and Vision Australia Foundation was carried out through a scheme of arrangement approved by the Federal Court of Australia on 6 July 2004 under which, among other things, the property, undertakings and liabilities of each of the merged agencies were vested in RBS.RVIB.VAF Limited. On 28 July 2005, RBS.RVIB.VAF Limited changed its name to Vision Australia Limited. It is expedient to provide that certain bequests, gifts, dispositions or trusts made in favour of any of the merged agencies take effect as if made in favour of Vision Australia Limited. The Parliament of Victoria therefore enacts as follows:

Purpose The purpose of this Act is to provide that certain bequests, gifts, dispositions and trusts have effect as if made or declared to or in favour of Vision Australia Limited.

Act No. 64/2005 Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005 2 2. Commencement This Act comes into operation on the day after the day on which it receives the Royal Assent. 3. Definitions In this Act— "Combined Agency" means Vision Australia Limited ACN 108 391 831; "merged agencies" means— (a) Royal Blind Society of New South Wales ACN 107 867 961; (b) Royal Victorian Institute for the Blind Limited ACN 053 864 841; (c) Vision Australia Foundation ACN 007 428 284; "merger" means the merger of the merged agencies that took place through a scheme of arrangement made under section 411 of the Corporations Act and approved by the Federal Court of Australia on 6 July 2004; "property" means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description; "will" includes a codicil and any testamentary disposition. 4. Bequests, gifts, dispositions and trusts (1) This section applies if before, on or after the commencement of this Act and whether before, on or after the date of the merger— (a) a bequest, gift, disposition or trust of property has been or is made or declared or is deemed to have been made or declared; or s. 2

Act No. 64/2005 Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005 3 (b) a trust fund has been or is created— (whether by deed, will or otherwise) to, in favour of, for the use of, or for a charitable purpose of, any of the merged agencies. (2) A bequest, gift, disposition or trust of a kind referred to in sub-section (1) takes effect, or the trust fund may be applied, as if made, declared or created to or in favour of, or for the use of, the Combined Agency, or for a charitable purpose of the Combined Agency that corresponds with, or is similar to, a charitable purpose of the relevant merged agency for which the bequest, gift, disposition or trust was made or declared or the trust fund was created. ═══════════════ s. 4

Act No. 64/2005 Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005 4 ENDNOTES

General Information Minister's second reading speech— Legislative Assembly: 17 August 2005 Legislative Council: 14 September 2005 The long title for the Bill for this Act was "to provide that certain bequests, gifts, dispositions and trusts have effect as if made or declared to or in favour of Vision Australia Limited and for other purposes." The Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005 was assented to on 20 September 2005 and came into operation on 21 September 2005: section 2. Endnotes

Act No. 64/2005 Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005 5 2. Table of Amendments There are no amendments made to the Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005 by Acts and subordinate instruments. Endnotes

Act No. 64/2005 Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005 6 3. Explanatory Details No entries at date of publication. Endnotes

Source text

Sourced from Victorian Legislation (legislation.vic.gov.au), CC BY 4.0.

1 Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005

i Version No. 001 Royal Victorian Institute for the Blind and other Agencies (Merger) Act 2005 Act No. 64/2005 Version as at 21 September 2005 TABLE OF PROVISIONS Section Page

Purpose 1
Commencement 2
Definitions 2
Bequests, gifts, dispositions and trusts 2 ═══════════════ ENDNOTES 4
General Information 4
Table of Amendments 5
Explanatory Details 6

Purpose The purpose of this Act is to provide that certain bequests, gifts, dispositions and trusts have effect as if made or declared to or in favour of Vision Australia Limited.