St. Shenouda Coptic Orthodox Monastery (NSW) Property Trust Act 2014
In ForceNSW
Jurisdiction
New South Wales
Act Number
40 of 2014
Collection
act
Plain English Summary
4/10 complexity
This Act establishes the St. Shenouda Coptic Orthodox Monastery (NSW) Property Trust, makes the Bishop the sole trustee and automatically transfers monastery property into that Trust. It gives the Trust broad powers to hold, invest, borrow against, vary and dispose of trust property, to enter cooperative use arrangements with other churches, and to make by-laws and appoint agents. It matters to the Bishop, the General Board, donors, lessees and counterparties to property transactions because it changes legal ownership mechanics and who lawfully controls and deals with the property.
Mechanically, the Act creates a statutory corporate trust called the St. Shenouda Coptic Orthodox Monastery (NSW) Property Trust and makes the Bishop of the St. Shenouda Coptic Orthodox Monastery the sole trustee (s 4). It automatically vests certain property in the Trust on an appointed day without the need for conveyance (s 8). The Trust is given a broad set of corporate‑style powers to hold, acquire, mortgage, charge, invest, lend, make advances, accept gifts, act as executor or trustee of other trusts, and otherwise deal with property for the purposes of the Monastery (s 5, ss 10-16). The Act authorises the Bishop to delegate most functions in writing to three members of the General Board, at least one being a clerical member (s 6). The Trust may make by‑laws for management and dealings with trust property, and certificates under seal are prima facie evidence of by‑laws being in force (s 7).
The Act changes title and transactional mechanics in these concrete ways. Property that immediately before the appointed day was vested in the named company or in any person in trust for the Monastery is divested and vested in the Trust without a conveyance (s 8(1)-(2)). The vesting preserves existing reservations, encumbrances and existing trusts (s 8(3)). The vesting is declared not to be a dutiable transaction under the Duties Act 1997, and certain instruments executed only to give effect to the vesting are similarly not chargeable with duty (s 8(5)-(6)). Certificates under the Trust seal operate as admissible evidence of holdings and proprietorship for Real Property Act registration purposes (s 20(1)-(2)). The Act also establishes practical rules for execution of deeds, contracts and documents on behalf of the Trust, including agency under seal (ss 18-19).
The text contains no express policy statement or explanatory memorandum. The Act’s operational changes are therefore presented as legal mechanics in the statute rather than as a stated legislative rationale. The result is a regime that centralises legal title and transaction capability in the Bishop as sole trustee, empowers internal governance through by‑laws and delegated General Board members, simplifies transactional formalities for third parties by removing inquiry obligations (s 22), and creates a set of evidentiary presumptions and indemnities for persons acting under the Act (ss 7(2), 20, 21, 23).
Current sections
Direct links to the current provisions in St. Shenouda Coptic Orthodox Monastery (NSW) Property Trust Act 2014.
This Act commences on a day or days to be appointed by proclamation.
3
Definitions
3 Definitions
3 Definitions
In this Act:
appointed day means the day on which section 4 commences.
Bishop means the person who for the time being is the Bishop of St. Shenouda Coptic Orthodox Monastery.
Company means the company limited by guarantee under the name Coptic Orthodox St. Shenouda Monastery Limited (ACN 128 927 604).
conveyance includes transfer, assignment and assurance.
function includes a power, authority or duty, and exercise a function includes perform a duty.
General Board means the Board of St. Shenouda Coptic Orthodox Monastery as appointed by the Bishop.
Monastery entity means a body, corporate or unincorporate, established by the St. Shenouda Coptic Orthodox Monastery after the appointed day, which is certified in writing by the Bishop to be a Monastery entity for the purposes of this Act.
St. Shenouda Coptic Orthodox Monastery means a Coptic Orthodox monastery, a part of the Coptic Orthodox Church of Egypt, a hierarchical Christian body whose leader, overseer and shepherd is the Pope of Alexandria and Patriarch of the See of St. Mark, and whose head is the Bishop, and includes any Monastery entity.
Trust means the St. Shenouda Coptic Orthodox Monastery (NSW) Property Trust constituted by this Act.
trust property means property held by the Trust.
Part 2
Constitution and functions of Trust
Part 2 Constitution and functions of Trust
Part 2 Constitution and functions of Trust
4
Constitution of Trust
4 Constitution of Trust
4 Constitution of Trust
(1) There is constituted by this Act a corporation under the corporate name of the St. Shenouda Coptic Orthodox Monastery (NSW) Property Trust.
(2) The Bishop is the sole trustee of the Trust.
5
Functions of Trust
5 Functions of Trust
5 Functions of Trust
(1) The functions of the Trust are as follows:
(a) to purchase, exchange, take on lease, hold, dispose of and otherwise deal with property as trustee for, or for the purposes of, the St. Shenouda Coptic Orthodox Monastery,
(b) to acquire property by gift, devise or bequest and to agree to and carry out the conditions of the gift, devise or bequest,
(c) to borrow money for the purposes of the St. Shenouda Coptic Orthodox Monastery,
(d) to mortgage, charge or otherwise encumber trust property,
(e) to make gifts or donations of property held by it for the purposes of the St. Shenouda Coptic Orthodox Monastery,
(f) to do and suffer all other things that bodies corporate may, by law, do and suffer and that are necessary for or incidental to the exercise of its functions under this Act.
(2) The Trust has such other functions as are conferred or imposed on it by this Act.
The Bishop may, by instrument in writing, delegate any or all of the Bishop’s functions under this Act (other than this power of delegation) to any 3 members of the General Board of the St. Shenouda Coptic Orthodox Monastery, at least one of whom is a clerical member.
7
Trust may make by-laws
7 Trust may make by-laws
7 Trust may make by-laws
(1) The Trust may make by-laws, not inconsistent with this Act, for the control, management and administration of, and dealings with, trust property.
(2) A certificate under the seal of the Trust to the effect that a by-law specified in the certificate, or in an annexure to the certificate, was in force on a day specified in the certificate is, until the contrary is proved, evidence that the by-law was in force on that day.
(3) A by-law may be amended or repealed by a subsequent by-law made under this section.
Part 3
Vesting of property in Trust
Part 3 Vesting of property in Trust
Part 3 Vesting of property in Trust
8
Vesting of property in Trust on the appointed day
8 Vesting of property in Trust on the appointed day
8 Vesting of property in Trust on the appointed day
(1) This section applies to any property that was, immediately before the appointed day:
(a) vested in the Company, or
(b) vested in any person in trust for the St. Shenouda Coptic Orthodox Monastery.
(2) On the appointed day, property to which this section applies is divested from the Company in which it was vested, or from the person in whom it was vested on trust, and is, to the extent that it was so vested, vested (without conveyance) in the Trust.
(3) The vesting of the property in the Trust does not affect:
(a) any reservation, mortgage, charge, encumbrance, lien or lease that affected the property, or
(b) any trust on which the property was held,
immediately before the vesting of the property.
(4) No attornment to the Trust by a lessee of land vested in the Trust by this section is necessary.
(5) The vesting of property by this section is not a dutiable transaction for the purposes of the Duties Act 1997.
(6) A dutiable transaction within the meaning of the Duties Act 1997, or an instrument that effects or evidences a dutiable transaction and that occurs or is executed or registered only for:
(a) a purpose ancillary to, or consequential on, the operation of this section, or
To the extent to which an instrument (including a will) provides for any property (other than property to which section 8 applies):
(a) to be given to the St. Shenouda Coptic Orthodox Monastery or to a person (other than the Trust) for the benefit of the St. Shenouda Coptic Orthodox Monastery, or
(b) to be payable to, or receivable by, the St. Shenouda Coptic Orthodox Monastery or any person (other than the Trust) on behalf of the St. Shenouda Coptic Orthodox Monastery, or
(c) to be recoverable by the St. Shenouda Coptic Orthodox Monastery or by any person (other than the Trust) for the St. Shenouda Coptic Orthodox Monastery,
a reference in the instrument to the St. Shenouda Coptic Orthodox Monastery, or to that person, is to be treated as a reference to the Trust.
Part 4
Particular powers of Trust
Part 4 Particular powers of Trust
Part 4 Particular powers of Trust
10
Trust may hold property jointly
10 Trust may hold property jointly
10 Trust may hold property jointly
The Trust may hold or acquire property either alone or jointly as a joint tenant or tenant-in-common.
11
Trust may invest trust funds
11 Trust may invest trust funds
11 Trust may invest trust funds
(1) The Trust:
(a) may invest or lend any funds that it holds on trust in accordance with the terms of any trust to which the funds are subject, and
(b) may also invest or lend any such funds in accordance with the Trustee Act 1925, unless the investment or loan is expressly forbidden by the instrument (if any) creating the trust to which the funds are subject.
(2) The Trust may invest trust funds held by it for different purposes or activities, or any part of those funds, as one fund.
(3) Income arising from an investment of funds in accordance with subsection (2) is to be apportioned rateably among the several purposes or activities for which the funds are held on trust.
(4) Any loss arising from an investment of funds in accordance with subsection (2) is to be apportioned rateably among the several purposes or activities for which the funds are held on trust.
12
Trust may make advances
12 Trust may make advances
12 Trust may make advances
(1) The Trust may make advances out of its trust funds for any purpose of or relating to the St. Shenouda Coptic Orthodox Monastery.
(2) Any sum so advanced is taken to be an investment of the money and bears interest at a rate fixed by the Trust.
(3) The sum advanced, and any interest on that sum, is taken to be a charge on those assets (if any) that the Trust holds for the purpose for which the advance was made.
13
Arrangements for other churches to use trust property
13 Arrangements for other churches to use trust property
13 Arrangements for other churches to use trust property
(1) In this section, scheme of co-operation means a scheme entered into by the Trust:
(a) with or involving a church of another denomination or any congregation or activity of such a church, and
(b) concerning the use of trust property.
(2) The Trust may permit trust property to be used and managed for the purposes of a scheme of co-operation on such terms and conditions as the Trust determines.
(3) Any proceeds derived by the Trust from a scheme of co-operation are to be applied in the manner determined by the Trust.
(4) Conditions that the Trust may determine under this section include:
(a) conditions with respect to the making of monetary contributions towards the acquisition, construction, alteration, maintenance or repair of property vested in or held on behalf of a co-operating church or congregation, and
(b) the giving or taking of a security or charge over any property.
(5) Trust property may be used in accordance with a scheme of co-operation except to the extent that the property is subject to an express trust expressly forbidding its use in that manner.
(6) Trust property is not to be regarded as property that is subject to an express trust expressly forbidding its use under a scheme of co-operation merely because it is directed to be held in trust for worship within, or for the purposes of, the St. Shenouda Coptic Orthodox Monastery.
14
Trusts may be varied
14 Trusts may be varied
14 Trusts may be varied
(1) The Trust may declare that, in its opinion, it has become impossible or inexpedient to carry out or observe the terms of a trust of property vested in it, whether as to its purpose or any other of its terms.
(2) The Trust may by the same or a later declaration declare that the property is subject to another trust and on the making of such a declaration:
(a) the trust that is to be replaced ceases, and
(b) the property is to be held subject to the other trust.
(3) In making such a declaration, the Trust must ensure that the property is dealt with as nearly as is possible for the purposes for which the property was held immediately before the declaration.
(4) However, the Trust may declare that, in its opinion, it is impossible or inexpedient to deal with the property in accordance with subsection (3) because of circumstances arising after the creation of the replaced trust.
(5) On making a declaration under subsection (4), the Trust may hold, dispose of or otherwise deal with and apply the property for such purposes for the use and benefit of St. Shenouda Coptic Orthodox Monastery as the Trust declares.
15
Trust may act as executor, administrator or trustee
15 Trust may act as executor, administrator or trustee
15 Trust may act as executor, administrator or trustee
(1) The Trust:
(a) may apply for and obtain, or join in applying for and obtaining, probate of the will, or letters of administration for the estate, of a deceased person if the St. Shenouda Coptic Orthodox Monastery has a beneficial interest, vested or contingent, in the estate of that person, and
(b) may accept appointment and act as trustee or co-trustee under a trust if the trust property is not already vested in the Trust by or in accordance with this Act and the trust was created wholly or partly for the benefit of the St. Shenouda Coptic Orthodox Monastery, and
(c) may do all things necessary for the exercise of its functions as executor, administrator or trustee.
(2) If authorised by the Trust to do so, a person employed by the Trust may, on behalf of the Trust:
(a) swear an affidavit, or
(b) make a declaration or statement, or
(c) give security and do any other act or thing,
that is, by any charter, enactment or rule of court, required to be done by a person who is applying for or granted probate or letters of administration, or who is administering a trust.
(3) The Trust may:
(a) renounce executorship, or
(b) decline to act as administrator of an estate, or
(c) retire, or decline to act, as trustee of property (other than property vested in it by or in accordance with Part 3).
(4) Any commission or other remuneration earned by the Trust as an executor, administrator or trustee appointed under the authority of this section belongs to the Trust and the Trust may use or apply the commission or remuneration only for an object or purpose specified or approved by the Trust.
16
Trust may make claims for compensation on exchange, dedication or compulsory acquisition
16 Trust may make claims for compensation on exchange, dedication or compulsory acquisition
16 Trust may make claims for compensation on exchange, dedication or compulsory acquisition
In relation to the exchange, dedication or compulsory acquisition of any trust property, the Trust may:
(a) act on behalf of the St. Shenouda Coptic Orthodox Monastery and make claims for compensation, and
(b) agree to and settle any such claims for such amount, and on such terms and conditions, as it thinks fit.
Part 5
Miscellaneous
Part 5 Miscellaneous
Part 5 Miscellaneous
17
Custody and use of seal of Trust
17 Custody and use of seal of Trust
17 Custody and use of seal of Trust
(1) The seal of the Trust is to be kept by the Bishop and may be affixed to a document only:
(a) with the authority of the Trust, and
(b) in the presence of the Bishop, and
(c) with an attestation by the signature of the Bishop of the fact of the affixing of the seal.
(2) An instrument purporting to have been sealed with the seal of the Trust and to have been signed by the Bishop is taken to have been executed in accordance with this section.
18
How Trust may execute certain instruments
18 How Trust may execute certain instruments
18 How Trust may execute certain instruments
(1) Any instrument relating to any property or matter that, if made or executed by an individual, would by law be required to be in writing under seal may be made on behalf of the Trust in writing under the seal of the Trust.
(2) Any instrument relating to any property or matter that, if made by or between individuals, would by law be required to be in writing signed by the parties to be bound by it, may be made on behalf of the Trust in writing by any person acting under its authority, express or implied.
(3) Any contract relating to any property or matter that, if made between individuals, would by law be valid although made orally only, may be made on behalf of the Trust by any person acting under its authority, express or implied.
19
Trust may appoint agents to execute under seal
19 Trust may appoint agents to execute under seal
19 Trust may appoint agents to execute under seal
(1) The Trust may, by writing under its seal, expressly empower any person, in respect of any specific matter, to execute any deed or other document on its behalf as its agent or attorney.
(2) Any deed signed by such an agent or attorney on behalf of the Trust binds the Trust and has the same effect as if it were under the seal of the Trust.
20
Evidence of certain matters relating to Trust
20 Evidence of certain matters relating to Trust
20 Evidence of certain matters relating to Trust
(1) A certificate under the seal of the Trust to the effect that property specified in the certificate is held by it in trust for the St. Shenouda Coptic Orthodox Monastery is, in any legal proceedings, evidence that the property is so held.
(2) A certificate under the seal of the Trust to the effect that the estate or interest of a person specified in the certificate in land so specified is an estate or interest vested in the Trust by this Act is, for the purposes of any application by the Trust to be registered under the Real Property Act 1900 as the proprietor of that estate or interest, evidence of its contents.
21
Persons exonerated from liability on receiving receipt for certain money paid to Trust
21 Persons exonerated from liability on receiving receipt for certain money paid to Trust
21 Persons exonerated from liability on receiving receipt for certain money paid to Trust
A receipt for money paid to the Trust that:
(a) is executed under the seal of the Trust, or
(b) is in writing signed by a person or persons purporting to be duly authorised for the purpose by the Trust,
exonerates the person by whom or on whose behalf the money is paid from any liability for the loss, misapplication or non-application of the money.
22
Inquiries relating to dealings with trust property unnecessary in certain cases
22 Inquiries relating to dealings with trust property unnecessary in certain cases
22 Inquiries relating to dealings with trust property unnecessary in certain cases
Whenever the Trust acquires, disposes of, mortgages, leases or otherwise deals with property it is not necessary for:
(a) the other party or parties to the transaction or dealing, or
(b) the Registrar-General or any other person registering or certifying title to the property,
to inquire whether the Trust has power to acquire, dispose of, mortgage, lease or otherwise deal with the property and none of those persons is affected by notice that the Trust has no such power.
23
Certain persons to be indemnified out of trust property
23 Certain persons to be indemnified out of trust property
23 Certain persons to be indemnified out of trust property
The Bishop, and any other person, exercising in good faith a function in relation to trust property in accordance with this Act or any by-law of the Trust, and the executor or administrator of the Bishop or the person, are entitled to be indemnified out of trust property against all expenses and liabilities that they incur in connection with the exercise of the function.
24
How documents may be served on Trust
24 How documents may be served on Trust
24 How documents may be served on Trust
Any document may be served on the Trust by delivering it to, or sending it by post to, the Bishop or any person appearing to be authorised by the Trust to accept service.
Schedule 1
Savings, transitional and other provisions
Schedule 1 Savings, transitional and other provisions
Schedule 1 Savings, transitional and other provisions
Source text: opening excerpt
Sourced from legislation.nsw.gov.au, CC BY 4.0.
Part 1 Preliminary
Part 1 Preliminary
Part 1 Preliminary
1 Name of Act
1 Name of Act
1 Name of Act
This Act is the St. Shenouda Coptic Orthodox Monastery (NSW) Property Trust Act 2014.
2 Commencement
2 Commencement
2 Commencement
This Act commences on a day or days to be appointed by proclamation.
3 Definitions
3 Definitions
3 Definitions
In this Act:
appointed day means the day on which section 4 commences.
Bishop means the person who for the time being is the Bishop of St. Shenouda Coptic Orthodox Monastery.
Company means the company limited by guarantee under the name Coptic Orthodox St. Shenouda Monastery Limited (ACN 128 927 604).
conveyance includes transfer, assignment and assurance.
function includes a power, authority or duty, and exercise a function includes perform a duty.
General Board means the Board of St. Shenouda Coptic Orthodox Monastery as appointed by the Bishop.
Monastery entity means a body, corporate or unincorporate, established by the St. Shenouda Coptic Orthodox Monastery after the appointed day, which is certified in writing by the Bishop to be a Monastery entity for the purposes of this Act.
St. Shenouda Coptic Orthodox Monastery means a Coptic Orthodox monastery, a part of the Coptic Orthodox Church of Egypt, a hierarchical Christian body whose leader, overseer and shepherd is the Pope of Alexandria and Patriarch of the See of St. Mark, and whose head is the Bishop, and includes any Monastery entity.
Trust means the St. Shenouda Coptic Orthodox Monastery (NSW) Property Trust constituted by this Act.
trust property means property held by the Trust.
Part 2 Constitution and functions of Trust
Part 2 Constitution and functions of Trust
Part 2 Constitution and functions of Trust
4 Constitution of Trust
4 Constitution of Trust
4 Constitution of Trust
(1) There is constituted by this Act a corporation under the corporate name of the St. Shenouda Coptic Orthodox Monastery (NSW) Property Trust.
Main concepts
The Act relies on a small number of interlocking definitions and legal constructs. The statutory Trust is the St. Shenouda Coptic Orthodox Monastery (NSW) Property Trust, constituted by the Act (s 4(1)). The Bishop is defined as the person who for the time being is the Bishop of St. Shenouda Coptic Orthodox Monastery (s 3). The Bishop is the sole trustee (s 4(2)), making legal title and primary control concentrated in a single office holder.
Key defined entities include the Company, meaning Coptic Orthodox St. Shenouda Monastery Limited (ACN 128 927 604) (s 3), and "Monastery entity" being any body established after the appointed day and certified in writing by the Bishop as a Monastery entity for the Act’s purposes (s 3). The "appointed day" is a defined term meaning the day on which section 4 commences, so the vesting mechanics and transitional provisions pivot on proclamation and commencement timing (s 3; s 2).
Trust property is property held by the Trust (s 3). The Act recognises two classes of property for vesting: (a) property vested in the Company immediately before the appointed day, and (b) property vested in any person in trust for the Monastery immediately before the appointed day (s 8(1)). Such property is divested from prior legal holders and vested in the Trust without conveyance on the appointed day (s 8(2)). The statutory vesting preserves pre‑existing encumbrances, reservations and trusts (s 8(3)), and lessees need not attorn to the Trust (s 8(4)).
Other main concepts are operational: the Trust’s functions (s 5) list specific powers to acquire, hold, dispose of and encumber property and to borrow. Investment powers are explicitly linked to the Trustee Act 1925 unless an instrument creating a trust forbids the investment (s 11). The Act allows pooling of funds with apportionment rules for income and losses (s 11(2)-(4)). The Trust may make advances out of trust funds, treated as charged investments bearing interest at rates fixed by the Trust (s 12). It may enter co‑operation schemes with other churches governing use, management and proceeds of trust property (s 13). The Trust may vary trusts where it is, in its opinion, impossible or inexpedient to carry out the original terms, subject to statutory constraints on replacement and efforts to preserve original purposes where possible (s 14). Execution, sealing, agency, evidentiary certificates and indemnities are all regulated, simplifying dealings with third parties and registrars (ss 17-24).
Collectively, these concepts concentrate ownership and transactional capacity in a statutory trust, provide internal delegation and by‑law regimes, supply evidentiary presumptions for third parties, and prescribe practical mechanics for investments, advances, cooperation and variation of trusts.
Who it affects
The Act affects a concentric set of actors defined by their legal relationship to the Monastery and its property. First and foremost, the Bishop is central. The Bishop becomes the sole trustee (s 4(2)), holds the seal (s 17(1)), may delegate functions in writing to three members of the General Board (s 6), and is the person on whom documents may be served for the Trust (s 24). The Bishop therefore holds both fiduciary office and practical execution responsibilities under the statute.
Members of the General Board are affected because the Bishop may delegate functions to any three of them, but at least one delegate must be a clerical member (s 6). Delegation is contractual in form via written instrument and shifts operational decision‑making from the Bishop to a small committee, while leaving ultimate statutory responsibility with the Bishop, since delegation excludes the power of delegation itself (s 6).
The Company named in the Act, and any former trustees, are affected by the vesting provisions. Property vested in the Company or in any person in trust for the Monastery immediately before the appointed day is divested and vested in the Trust without conveyance (s 8(1)-(2)). The transitional provisions treat rights, liabilities and proceedings involving former trustees as transferred to the Trust (Schedule 1, Part 2, cl 3(a)-(d)). Executors, administrators, and persons appointed under s 15 may be affected when the Trust applies for probate or accepts trustee roles in estates created for the Monastery.
Third parties dealing with trust property are affected by the statutory evidentiary and inquiry rules. Persons acquiring, leasing or mortgaging from the Trust are not required to inquire whether the Trust has power to enter the transaction, and registrars are similarly not obliged to inquire (s 22). Receivers of money who accept a receipt under the Trust seal or a writing signed by an authorised person are exonerated from liability for loss or misapplication of the money (s 21). Certificates under the Trust seal operate as evidence of holdings and are admissible for Real Property Act registration purposes (s 20(1)-(2)); and a certificate of a by‑law’s currency is prima facie evidence that the by‑law was in force (s 7(2)).
Beneficiaries , broadly the St. Shenouda Coptic Orthodox Monastery and any Monastery entities , are affected because the Trust holds property for Monastery purposes (ss 3, 5). Other churches and congregations are affected insofar as the Trust may enter schemes of co‑operation regulating the use and proceeds of trust property (s 13). Finally, public authorities who might compulsorily acquire or deal with trust property must interact with the Trust, which may act on the Monastery’s behalf to make claims for compensation (s 16).
Key duties and rights
The Act confers a cluster of statutory duties and rights on the Bishop as trustee, the Trust as a corporate entity, and persons authorised by the Trust. The primary statutory duty is the holding and dealing with trust property for the purposes of the St. Shenouda Coptic Orthodox Monastery, consistent with the functions listed in s 5. These functions include acquisition, disposal, borrowing, mortgaging, making gifts, and generally doing those things bodies corporate may do for the Monastery (s 5(1)(a)-(f)). The Trust also has any other functions imposed by the Act (s 5(2)).
The Bishop has the right to exercise those trustee functions, and to delegate most functions in writing to three members of the General Board, at least one of whom must be clerical (s 6). Delegation is by instrument in writing and excludes delegation of that delegation power (s 6). The Trust has the statutory right to make by‑laws not inconsistent with the Act for management and dealings with trust property; by‑laws may be amended or repealed by subsequent by‑laws (s 7).
Investment and financial rights are spelled out. The Trust may invest or lend funds in accordance with any trust instrument and otherwise in accordance with the Trustee Act 1925, unless expressly forbidden by the creating instrument (s 11(1)). The Trust may pool funds for different purposes and must apportion income and losses rateably among purposes (ss 11(2)-(4)). It may make advances out of trust funds for Monastery purposes, treat advances as investments bearing interest at a rate fixed by the Trust, and charge those advances on relevant assets (s 12).
Procedural and evidentiary provisions create rights that ease transactions. Instruments may be executed under the Trust seal for matters that would otherwise require a seal for individuals (s 18(1)), and acts that would require written signatures between individuals may be done by persons acting under the Trust’s authority (s 18(2)-(3)). The Trust may appoint agents by a writing under its seal to execute deeds on its behalf, and such deeds bind the Trust as if under its seal (s 19). Certificates under seal that property is held for the Monastery are admissible evidence in legal proceedings, and a certificate of the Trust’s estate or interest is evidence for registration under the Real Property Act 1900 (s 20).
Rights affecting third parties include an exoneration for payers who receive a receipt under the Trust seal or a writing signed by an authorised person (s 21). The Act also relieves other parties and registrars from having to inquire into whether the Trust had power to deal with property, insulating third parties from being affected by notice that the Trust lacked such power (s 22). The Trust and persons acting in good faith under it are entitled to be indemnified out of trust property for expenses and liabilities incurred in the exercise of functions under the Act or Trust by‑laws (s 23).
The Trust is empowered to vary trusts by declaration where it finds it impossible or inexpedient to carry out trust terms, with a statutory requirement to deal with the property as nearly as possible for the original purposes unless circumstances after the creation of the replaced trust make that impossible, in which case the Trust may apply property for such purposes as it declares (s 14). The Trust may act as executor or trustee of other trusts, apply for probate, accept appointment and receive commission, which may be used only for objects or purposes approved by the Trust (s 15).
In short, statutory rights confer broad transactional and managerial authority on the Trust and Bishop, while the Act also creates procedural rights for third parties that reduce transaction costs and inquiries.
Penalties and enforcement
The Act contains no express criminal offences, monetary fines or administrative penalty regime within its text. Enforcement mechanisms are therefore primarily civil and transactional. The principal enforcement levers are property rights, registration mechanics, evidentiary presumptions and common law remedies.
Evidentiary presumptions and statutory certificates affect enforcement in proceedings. A certificate under the Trust seal that specified property is held by it in trust for the Monastery is evidence of that fact in legal proceedings (s 20(1)). A certificate about estate or interest is evidence for the purposes of any application by the Trust to be registered under the Real Property Act 1900 as proprietor (s 20(2)). A certificate of a by‑law’s existence under the seal is prima facie evidence that the by‑law was in force on a specified day until contrary is proved (s 7(2)). These statutory evidentiary rules shift evidential burdens and streamline registration and property disputes involving the Trust.
Indemnity and exoneration clauses limit liability exposure of certain actors. A receipt executed under the Trust seal or a writing signed by a person purporting to be authorised exonerates the payer from liability for loss, misapplication or non‑application of money paid (s 21). Persons exercising functions in good faith under the Act or Trust by‑laws, including the Bishop, are entitled to indemnity out of trust property against expenses and liabilities incurred in connection with those functions (s 23). Those provisions operate as defensive rules in litigation and materially affect the risk calculus of trustees, agents and third parties.
The vesting provision transfers rights and liabilities to the Trust and treats pending proceedings against former trustees as proceedings against the Trust (Schedule 1, Part 2, cl 3(a)-(d)). That aligns enforcement of pre‑existing claims and liabilities with the new title holder.
Dispute resolution and enforcement otherwise remain within ordinary civil courts and tribunals. Because the Act removes the need for attornment by lessees (s 8(4)) and relieves registrars and contracting parties from inquiry into the Trust’s power (s 22), disputes as to the Trust’s internal authority are more likely to be litigated on the basis of statutory presumptions and the contents of certificates and by‑laws than on external title questions. Remedies against trustees and agents would proceed under general trust law and equitable principles, subject to the indemnities and exonerations the Act provides.
Regulatory interaction includes that vesting is declared not to be a dutiable transaction under the Duties Act 1997, and certain ancillary instruments executed solely to implement the vesting are similarly not chargeable (s 8(5)-(6)). The Act references the Trustee Act 1925 for investment powers (s 11(1)) and the Real Property Act 1900 for registration evidentiary purposes (s 20(2)), so enforcement of statutory duties may touch those regimes as well.
In short, enforcement is civil. The Act reduces transaction costs for third parties, creates evidentiary presumptions supportive of the Trust, and places indemnity shields around authorised actors, without introducing a bespoke penalties regime.
How it interacts with other laws
The Act explicitly cross‑references several NSW statutes and common statutory regimes, creating direct interaction points. Section 11(1) links the Trust’s investment powers to the Trustee Act 1925, such that the Trust may invest or lend funds in accordance with that Act unless expressly forbidden by the instrument creating the underlying trust. Therefore trusts held by the Trust remain subject to established trustee investment law to the extent the creating instrument does not displace it (s 11(1)).
The Act treats the statutory vesting effected by section 8 as non‑dutiable under the Duties Act 1997 (s 8(5)). Additionally, instruments executed or registered only for purposes ancillary to or giving effect to section 8 are not chargeable with duty (s 8(6)). That is a direct fiscal interaction, removing stamp duty barriers that would otherwise accompany transfers and title adjustments after vesting.
Real property registration is engaged by section 20(2), which provides that a certificate under the Trust seal to the effect that the estate or interest of a specified person in land is vested in the Trust by the Act is evidence for the purposes of any application by the Trust to be registered under the Real Property Act 1900 as proprietor of that estate or interest. This creates a procedural path to Land Titles Office registration without conventional conveyance, but the Act does not displace the Real Property Act’s substantive registration requirements; rather, it supplies evidentiary material to assist registration.
Section 5(3) expressly states that section 5 does not limit section 50 of the Interpretation Act 1987. The Interpretation Act contains general principles concerning statutory corporations and powers, so this preserves broader interpretative rules as applicable to the Trust’s functions.
The Act’s non‑inquiry rule in section 22 removes the obligation from registrars and other persons to inquire whether the Trust had power to deal with property. While this reduces commercial friction, it interacts with doctrines of notice and good faith in property law and the Real Property Act by insulating third parties from constructive notice that the Trust lacked power. That interaction has practical legal effects on due diligence, title assurance and risk allocation in transactions.
Schedule 1 provides for regulations to make savings or transitional provisions consequent on enactment, with retroactive effect permitted to the date of assent subject to protections not to prejudice existing rights or impose liabilities for earlier conduct on non‑State persons (Schedule 1, Part 1, cl 1(1)-(3)). That regulation‑making power interacts with administrative law principles on retrospective regulation and with affected rights.
The Act does not displace common law equitable duties of trustees where not expressly modified, but it does create statutory mechanisms such as indemnities (s 23), exonerations (s 21) and evidentiary certificates (s 20) which will affect litigation strategy and remedies under other laws. Finally, vesting mechanics and the transfer of ongoing proceedings from former trustees to the Trust (Schedule 1, Part 2, cl 3) interact with civil procedure rules and the administration of estates and trusts.
Amendment history
The text provided contains no express amendment schedule, recorded amendments, or legislative history beyond its short title, which identifies the Act as the St. Shenouda Coptic Orthodox Monastery (NSW) Property Trust Act 2014 (s 1). The Act commences on proclamation, with section 2 providing commencement “on a day or days to be appointed by proclamation”, and defines an appointed day for operation of key provisions (s 2; s 3). The Schedule grants the Governor power to make regulations of a savings or transitional nature consequent on enactment or amendment of the Act (Schedule 1, Part 1, cl 1(1)-(2)). Those regulations may take effect from the date of assent or a later date, and may operate retrospectively within prescribed bounds (Schedule 1, Part 1, cl 1(2)-(3)).
Because the statutory text itself does not list prior amendments or revisions, users should consult the consolidated NSW legislation database or parliamentary records to obtain any post‑enactment amendments, delegated regulations made under the Schedule, or replacement provisions. The Act’s regulatory power for transitional matters allows the executive to prescribe savings and transitional provisions that could alter the operative effect of the vesting and related mechanics, subject to the non‑prejudice limitation in Schedule 1, Part 1, cl 1(3).
Practitioners should also note that section 5(3) preserves operation of section 50 of the Interpretation Act 1987, which may be relevant to interpreting subsequent amendments. Any amendment that changes delegation rules, vesting mechanics, indemnities or evidentiary presumptions in the Act would have immediate operational consequences for title, registration, third party transactions, and the Trust’s governance. Given the Act’s technical interaction with duties, real property and trustee investment law, amendments should be checked against the Duties Act 1997, Real Property Act 1900 and Trustee Act 1925.
Absent external records in this text, the Act as presented appears self‑contained with the Governor’s regulation power reserved for transitional adjustments. For an authoritative amendment history and any subordinate legislation made under the regulation power, consult the NSW legislation website and the consolidated version of the Act.
Litigation history
The statutory text contains no references to litigation, cases, or reported judicial decisions arising under the Act. No cases are named or cited in the material provided. The Act does, however, create specific statutory evidentiary presumptions and procedural effects that are likely to be litigated in practice, meaning future litigation could address:
the scope and limits of the Bishop’s delegation to three General Board members and whether a particular exercise of delegated power complied with the written instrument (s 6);
the validity and conclusiveness of certificates under the Trust seal in registration or ownership disputes, including the threshold for rebutting certificates taken as evidence (ss 7(2), 20(1)-(2));
conflicts between the Trust’s statutory power to vary trusts by declaration (s 14) and the original terms of settlor instruments, including what constitutes "impossible or inexpedient" and the appropriate standard of review;
the operation and limits of the indemnities and exonerations afforded to persons relying on receipts and acting in good faith (ss 21, 23);
questions arising from the non‑inquiry rule which bars registrars and contracting parties from inquiring into the Trust’s power to deal with property (s 22), and whether that rule affects equitable remedies or gives rise to unconscionability arguments;
claims for compensation where the Trust acts in compulsory acquisition matters and the scope of the Trust’s authority to settle such claims (s 16).
Because the Act prescribes that proceedings pending or in the course of being heard by or against a former trustee are taken to be proceedings by or against the Trust (Schedule 1, Part 2, cl 3(c)), courts could be asked to determine procedural questions about substitution of parties, limitation periods, or the impact of the vesting on standing and remedies.
Absent specific reported cases, practitioners must treat litigation risk as arising from disputes over statutory powers, evidentiary certificates and trust variation powers. Users should monitor NSW case law and the Land Titles Office practice notes for any decisions interpreting the Act’s evidentiary assumptions, registration practice, and the interaction of section 22 with duties of inquiry in property transactions.
Gotchas
The Act contains several provisions that create potential practical traps for trustees, beneficiaries, third parties and registrars.
Centralised control in a single office. The Bishop is the sole trustee (s 4(2)), which concentrates legal title and formal decision‑making in one person. While the Bishop may delegate functions to three General Board members (s 6), the delegation is limited to the functions specified and cannot delegate the power of delegation itself. That concentration means corporate continuity and succession planning for the Bishop’s office are legally dispositive for property control.
Automatic vesting without conveyance. Property vested in the Company or any person in trust for the Monastery immediately before the appointed day is divested and vested in the Trust without conveyance (s 8(2)). Third parties and land registry processes will rely on statutory certificates for registration (s 20(2)), but practical registration or title adjustments may still require administrative steps. Failure to use the evidentiary path set out in s 20 may sustain title ambiguity.
Non‑inquiry rule shifts risk allocation. Section 22 relieves other parties and registrars from having to inquire into the Trust’s power to deal with property. Third parties may therefore transact without checking internal trust authority. That reduces their transactional risk but shifts risk back onto beneficiaries and possibly the State if the Trust lacked internal authority. Practitioners should note that section 22 does not eliminate equitable remedies against the Trust for improvident transactions; it simply removes an external obligation to inquire.
Variation power has subjective threshold. The Trust may declare a trust varied where it considers performance impossible or inexpedient, and may replace a trust with another subject to statutory requirements to preserve original purpose as nearly as possible (s 14(1)-(5)). The threshold is framed in terms of the Trust’s opinion. That gives wide operational discretion and could create conflicts where settlors’ or donors’ expectations are frustrated.
Certificates and receipts are prima facie conclusive. Certificates under seal and receipts signed by authorised persons operate as evidence and exonerate payers (ss 7(2), 20(1), 21). The Act assumes good faith; however, parties paying under flawed or fraudulent certificates may face remedial complexities. The statutory protections mean reversing mistaken registrations or payments could be litigious.
Delegation formality and composition rule. Delegation must be by instrument in writing to three General Board members, one at minimum clerical (s 6). Failure to comply with the numeric and clerical composition requirement may render exercises of delegated power invalid. Practitioners should ensure written instruments comply strictly.
Investment pooling and apportionment mechanics. The Trust may pool funds held for different purposes and must apportion income and losses rateably (ss 11(2)-(4)). Accurate bookkeeping is required to allocate pooled returns and losses across purposes. Failure to apportion correctly can create beneficiary disputes.
Indemnity scope. Persons exercising functions in good faith are indemnified out of trust property (s 23). The interplay between "good faith" and duties of care under general trust law remains unsettled by the text alone; litigants may contest whether conduct qualifies for indemnity.
Regulation power may reach retrospectively. Schedule 1 allows regulations to take effect from assent or an earlier date subject to limits conserving existing rights (Schedule 1, Part 1, cl 1(2)-(3)). Users should verify whether regulations have been made that alter transitional mechanics or vesting consequences.
No explicit penalty regime. The absence of criminal or administrative penalties means compliance is enforced primarily via civil remedies. That changes the incentive structure for internal compliance and external monitoring.
Those elements create specific implementation risks. Parties relying on the Act for registrations, transactions, or trust variations should ensure formal compliance with the Act’s written instrument, sealing, certificate and delegation requirements, and maintain transparent records to support good faith and entitlement to indemnity.
How to comply
For trustees, officers and advisers dealing with the Trust, the Act prescribes procedures and formality requirements which should be followed to make rights and protections effective, to secure registration, and to reduce legal risk.
Commencement and appointed day. Track proclamation dates and the appointed day as defined by the commencement of section 4 (s 2; s 3). Ensure preparations for automatic vesting are timed to the appointed day, and confirm whether the Governor made any transitional regulations under Schedule 1, Part 1.
Establish and maintain formal delegation instruments. Any delegation by the Bishop must be in writing, specify the functions delegated, and appoint exactly three members of the General Board with at least one clerical member (s 6). Keep executed written instruments of delegation in the Trust’s records, and attach by‑laws or minutes documenting the delegation exercise.
Seal custody and execution. The Bishop must keep the Trust seal and affix it only with the authority of the Trust, in the Bishop’s presence, and with attestation by the Bishop’s signature (s 17(1)). Instruments requiring execution under seal should follow s 18 and s 19: deeds or documents that must be under seal can be executed by the Trust seal, and agents empowered by writing under the Trust seal can execute deeds on the Trust’s behalf (ss 18-19). Maintain a sealed register and record of all seal uses to support later evidentiary presumptions.
Certification for registration and evidence. Use certificates under the Trust seal to evidence holdings and to support registration under the Real Property Act 1900 (s 20). When applying to the Land Titles Office, include the prescribed certificate as evidence that the estate or interest vested in the Trust by the Act. Retain originals and contemporaneous records to guard against challenges.
By‑laws and record keeping. Make by‑laws in accordance with s 7 for control and management of trust property. For evidential value, ensure by‑laws are sealed and that the Trust keeps a by‑law register, because a sealed certificate will be treated as evidence that the by‑law was in force (s 7(2)). Keep proper minutes and registers linking by‑laws to decisions.
Pooling, investment and accounting. When pooling funds for different purposes, observe the apportionment rules in ss 11(2)-(4). Implement accounting systems to apportion income and losses rateably among purposes. Ensure investments otherwise conform to the Trustee Act 1925 where applicable (s 11(1)) and that any restrictions imposed by original trust instruments are observed.
Advances and charging. If the Trust makes advances under s 12, document the purpose, rate of interest fixed by the Trust, and the charge on assets. Record these as charged investments and reflect them in asset registers.
Transactions with third parties. Although s 22 relieves third‑party inquiry obligations, prudent practice is to provide and obtain appropriate written evidence: sealed certificates, authorising instruments, and copies of relevant by‑laws. Where receipts are given for payments, ensure they are executed under the Trust seal or signed by persons appearing authorized to trigger the exoneration in s 21. Maintain provenance documents to reduce later disputes.
Varying trusts. If relying on s 14 to vary a trust, follow the statutory sequence: make a written declaration that the original terms are impossible or inexpedient, specify the new trust terms, and record how the new use tracks the original purpose "as nearly as is possible" (s 14(1)-(5)). Where subsection (4) is invoked because it is impossible to follow s 14(3), document the circumstances arising after creation of the original trust that justify a broader change and create a traceable decision record.
Probate, administration and commission. When applying for probate or acting as executor under s 15, follow procedural requirements that normally apply to applicants for probate, using authorised officers if the Trust delegates them to swear affidavits or give security (s 15(2)). If the Trust takes commission, record its intended use and ensure application only to objects or purposes approved by the Trust (s 15(4)).
Indemnities and good faith. To preserve indemnity rights in s 23, document that actions were taken in good faith in accordance with the Act or by‑laws. Keep contemporaneous decision memoranda and legal advice where actions may be contested. Ensure decision‑makers have clear authority under delegation instruments.
Service of documents. Direct all serviceable documents to the Bishop or an authorised person appearing to be authorised to accept service in line with s 24. Maintain a registered postal and office address for service purposes.
Check for regulations and update systems. Review NSW legislative instruments for any regulations made under Schedule 1 to ensure transitional regimes, retrospective provisions and operational modifications are incorporated into compliance processes.
Legal review and insurance. Given the concentration of authority and indemnity protections, obtain periodic legal review of delegated powers, by‑laws, contract forms and registration practices. Consider trustees’ indemnity insurance where appropriate, and ensure accounts and audit trails meet fiduciary standards.
Following these steps aligns operational practice with the Act’s formal requirements and maximises the protections offered by the Act for trustees and third parties, while recording the good faith and authorising documentation necessary to make indemnities and evidentiary presumptions work in dispute settings.
(a) to purchase, exchange, take on lease, hold, dispose of and otherwise deal with property as trustee for, or for the purposes of, the St. Shenouda Coptic Orthodox Monastery,
(b) to acquire property by gift, devise or bequest and to agree to and carry out the conditions of the gift, devise or bequest,
(c) to borrow money for the purposes of the St. Shenouda Coptic Orthodox Monastery,
(d) to mortgage, charge or otherwise encumber trust property,
(e) to make gifts or donations of property held by it for the purposes of the St. Shenouda Coptic Orthodox Monastery,
(f) to do and suffer all other things that bodies corporate may, by law, do and suffer and that are necessary for or incidental to the exercise of its functions under this Act.
(2) The Trust has such other functions as are conferred or imposed on it by this Act.
(3) This section does not limit section 50 of the Interpretation Act 1987.
6 Delegation
6 Delegation
6 Delegation
The Bishop may, by instrument in writing, delegate any or all of the Bishop’s functions under this Act (other than this power of delegation) to any 3 members of the General Board of the St. Shenouda Coptic Orthodox Monastery, at least one of whom is a clerical member.
7 Trust may make by-laws
7 Trust may make by-laws
7 Trust may make by-laws
(1) The Trust may make by-laws, not inconsistent with this Act, for the control, management and administration of, and dealings with, trust property.
(2) A certificate under the seal of the Trust to the effect that a by-law specified in the certificate, or in an annexure to the certificate, was in force on a day specified in the certificate is, until the contrary is proved, evidence that the by-law was in force on that day.
(3) A by-law may be amended or repealed by a subsequent by-law made under this section.
Part 3 Vesting of property in Trust
Part 3 Vesting of property in Trust
Part 3 Vesting of property in Trust
8 Vesting of property in Trust on the appointed day
8 Vesting of property in Trust on the appointed day
8 Vesting of property in Trust on the appointed day
(1) This section applies to any property that was, immediately before the appointed day:
(a) vested in the Company, or
(b) vested in any person in trust for the St. Shenouda Coptic Orthodox Monastery.
(2) On the appointed day, property to which this section applies is divested from the Company in which it was vested, or from the person in whom it was vested on trust, and is, to the extent that it was so vested, vested (without conveyance) in the Trust.
(3) The vesting of the property in the Trust does not affect:
(a) any reservation, mortgage, charge, encumbrance, lien or lease that affected the property, or
(b) any trust on which the property was held,
immediately before the vesting of the property.
(4) No attornment to the Trust by a lessee of land vested in the Trust by this section is necessary.
(5) The vesting of property by this section is not a dutiable transaction for the purposes of the Duties Act 1997.
(6) A dutiable transaction within the meaning of the Duties Act 1997, or an instrument that effects or evidences a dutiable transaction and that occurs or is executed or registered only for:
(a) a purpose ancillary to, or consequential on, the operation of this section, or
(b) the purpose of giving effect to this section,
is not chargeable with duty under the Duties Act 1997.
9 Vesting of other property in Trust
9 Vesting of other property in Trust
9 Vesting of other property in Trust
To the extent to which an instrument (including a will) provides for any property (other than property to which section 8 applies):
(a) to be given to the St. Shenouda Coptic Orthodox Monastery or to a person (other than the Trust) for the benefit of the St. Shenouda Coptic Orthodox Monastery, or
(b) to be payable to, or receivable by, the St. Shenouda Coptic Orthodox Monastery or any person (other than the Trust) on behalf of the St. Shenouda Coptic Orthodox Monastery, or
(c) to be recoverable by the St. Shenouda Coptic Orthodox Monastery or by any person (other than the Trust) for the St. Shenouda Coptic Orthodox Monastery,
a reference in the instrument to the St. Shenouda Coptic Orthodox Monastery, or to that person, is to be treated as a reference to the Trust.
Part 4 Particular powers of Trust
Part 4 Particular powers of Trust
Part 4 Particular powers of Trust
10 Trust may hold property jointly
10 Trust may hold property jointly
10 Trust may hold property jointly
The Trust may hold or acquire property either alone or jointly as a joint tenant or tenant-in-common.
11 Trust may invest trust funds
11 Trust may invest trust funds
11 Trust may invest trust funds
(1) The Trust:
(a) may invest or lend any funds that it holds on trust in accordance with the terms of any trust to which the funds are subject, and
(b) may also invest or lend any such funds in accordance with the Trustee Act 1925, unless the investment or loan is expressly forbidden by the instrument (if any) creating the trust to which the funds are subject.
(2) The Trust may invest trust funds held by it for different purposes or activities, or any part of those funds, as one fund.
(3) Income arising from an investment of funds in accordance with subsection (2) is to be apportioned rateably among the several purposes or activities for which the funds are held on trust.
(4) Any loss arising from an investment of funds in accordance with subsection (2) is to be apportioned rateably among the several purposes or activities for which the funds are held on trust.
12 Trust may make advances
12 Trust may make advances
12 Trust may make advances
(1) The Trust may make advances out of its trust funds for any purpose of or relating to the St. Shenouda Coptic Orthodox Monastery.
(2) Any sum so advanced is taken to be an investment of the money and bears interest at a rate fixed by the Trust.
(3) The sum advanced, and any interest on that sum, is taken to be a charge on those assets (if any) that the Trust holds for the purpose for which the advance was made.
13 Arrangements for other churches to use trust property
13 Arrangements for other churches to use trust property
13 Arrangements for other churches to use trust property
(1) In this section, scheme of co-operation means a scheme entered into by the Trust:
(a) with or involving a church of another denomination or any congregation or activity of such a church, and
(b) concerning the use of trust property.
(2) The Trust may permit trust property to be used and managed for the purposes of a scheme of co-operation on such terms and conditions as the Trust determines.
(3) Any proceeds derived by the Trust from a scheme of co-operation are to be applied in the manner determined by the Trust.
(4) Conditions that the Trust may determine under this section include:
(a) conditions with respect to the making of monetary contributions towards the acquisition, construction, alteration, maintenance or repair of property vested in or held on behalf of a co-operating church or congregation, and
(b) the giving or taking of a security or charge over any property.
(5) Trust property may be used in accordance with a scheme of co-operation except to the extent that the property is subject to an express trust expressly forbidding its use in that manner.
(6) Trust property is not to be regarded as property that is subject to an express trust expressly forbidding its use under a scheme of co-operation merely because it is directed to be held in trust for worship within, or for the purposes of, the St. Shenouda Coptic Orthodox Monastery.
14 Trusts may be varied
14 Trusts may be varied
14 Trusts may be varied
(1) The Trust may declare that, in its opinion, it has become impossible or inexpedient to carry out or observe the terms of a trust of property vested in it, whether as to its purpose or any other of its terms.
(2) The Trust may by the same or a later declaration declare that the property is subject to another trust and on the making of such a declaration:
(a) the trust that is to be replaced ceases, and
(b) the property is to be held subject to the other trust.
(3) In making such a declaration, the Trust must ensure that the property is dealt with as nearly as is possible for the purposes for which the property was held immediately before the declaration.
(4) However, the Trust may declare that, in its opinion, it is impossible or inexpedient to deal with the property in accordance with subsection (3) because of circumstances arising after the creation of the replaced trust.
(5) On making a declaration under subsection (4), the Trust may hold, dispose of or otherwise deal with and apply the property for such purposes for the use and benefit of St. Shenouda Coptic Orthodox Monastery as the Trust declares.
15 Trust may act as executor, administrator or trustee
15 Trust may act as executor, administrator or trustee
15 Trust may act as executor, administrator or trustee
(1) The Trust:
(a) may apply for and obtain, or join in applying for and obtaining, probate of the will, or letters of administration for the estate, of a deceased person if the St. Shenouda Coptic Orthodox Monastery has a beneficial interest, vested or contingent, in the estate of that person, and
(b) may accept appointment and act as trustee or co-trustee under a trust if the trust property is not already vested in the Trust by or in accordance with this Act and the trust was created wholly or partly for the benefit of the St. Shenouda Coptic Orthodox Monastery, and
(c) may do all things necessary for the exercise of its functions as executor, administrator or trustee.
(2) If authorised by the Trust to do so, a person employed by the Trust may, on behalf of the Trust:
(a) swear an affidavit, or
(b) make a declaration or statement, or
(c) give security and do any other act or thing,
that is, by any charter, enactment or rule of court, required to be done by a person who is applying for or granted probate or letters of administration, or who is administering a trust.
(3) The Trust may:
(a) renounce executorship, or
(b) decline to act as administrator of an estate, or
(c) retire, or decline to act, as trustee of property (other than property vested in it by or in accordance with Part 3).
(4) Any commission or other remuneration earned by the Trust as an executor, administrator or trustee appointed under the authority of this section belongs to the Trust and the Trust may use or apply the commission or remuneration only for an object or purpose specified or approved by the Trust.
16 Trust may make claims for compensation on exchange, dedication or compulsory acquisition
16 Trust may make claims for compensation on exchange, dedication or compulsory acquisition
16 Trust may make claims for compensation on exchange, dedication or compulsory acquisition
In relation to the exchange, dedication or compulsory acquisition of any trust property, the Trust may:
(a) act on behalf of the St. Shenouda Coptic Orthodox Monastery and make claims for compensation, and
(b) agree to and settle any such claims for such amount, and on such terms and conditions, as it thinks fit.
Part 5 Miscellaneous
Part 5 Miscellaneous
Part 5 Miscellaneous
17 Custody and use of seal of Trust
17 Custody and use of seal of Trust
17 Custody and use of seal of Trust
(1) The seal of the Trust is to be kept by the Bishop and may be affixed to a document only:
(a) with the authority of the Trust, and
(b) in the presence of the Bishop, and
(c) with an attestation by the signature of the Bishop of the fact of the affixing of the seal.
(2) An instrument purporting to have been sealed with the seal of the Trust and to have been signed by the Bishop is taken to have been executed in accordance with this section.
18 How Trust may execute certain instruments
18 How Trust may execute certain instruments
18 How Trust may execute certain instruments
(1) Any instrument relating to any property or matter that, if made or executed by an individual, would by law be required to be in writing under seal may be made on behalf of the Trust in writing under the seal of the Trust.
(2) Any instrument relating to any property or matter that, if made by or between individuals, would by law be required to be in writing signed by the parties to be bound by it, may be made on behalf of the Trust in writing by any person acting under its authority, express or implied.
(3) Any contract relating to any property or matter that, if made between individuals, would by law be valid although made orally only, may be made on behalf of the Trust by any person acting under its authority, express or implied.
19 Tru
This is an opening excerpt, not the complete document.