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This Act may be cited as the Syme Trusts Act 1989 .
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Tasmania act
Mechanically, this Act expands the Syme Trusts' permissible uses and reclassifies the trusts as charitable so trustees may administer trust property under charitable law. It authorises funding for alcohol‑related education, medical and accident research, prevention and treatment services, and hospitality education, affecting trustees, organisations that might receive grants, and the legal treatment of trust property.
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Direct links to the current provisions in Syme Trusts Act 1989.
This Act may be cited as the Syme Trusts Act 1989 .
This Act shall commence on the day on which it receives the Royal Assent.
On and from the commencement of this Act, the property of the Trusts may be applied for the following purposes in addition to any other purpose for which it may be applied:
(a) educational purposes relating to the effect of alcohol consumption on road safety and other harmful effects of alcohol consumption;
(b) medical research into the effects of alcohol consumption and alcoholism;
(c) research into road and industrial accidents caused by alcohol consumption and methods of preventing or reducing them;
(d) research into the effectiveness of methods of preventing road and industrial accidents caused by alcohol consumption;
(e) the provision of financial assistance to organizations providing treatment, counselling and family support to persons suffering from alcoholism;
(f) the provision of financial assistance for education in the hospitality industry.
(1) For the removal of doubts it is declared that –
(a) the trustees and all subsequent trustees of the Trusts may administer the property of the Trusts as if the Trusts had been created for charitable purposes; and
(b) the property of the Trusts shall be treated in law as if the Trusts are and always have been trusts for charitable purposes.
(2) In this section, a reference to property shall be read as including a reference to a legal or an equitable estate or interest in any property, whether present or future and whether vested or contingent, and an entitlement, power or privilege, if that estate, interest, entitlement, power or privilege arises from the administration of the Trusts, whether pursuant to the Trust Deed or pursuant to this Act.
Sourced from Tasmanian Legislation Online (legislation.tas.gov.au), CC BY 4.0.
This Act may be cited as the Syme Trusts Act 1989 .
This Act shall commence on the day on which it receives the Royal Assent.
On and from the commencement of this Act, the property of the Trusts may be applied for the following purposes in addition to any other purpose for which it may be applied:
(a) educational purposes relating to the effect of alcohol consumption on road safety and other harmful effects of alcohol consumption;
(b) medical research into the effects of alcohol consumption and alcoholism;
(c) research into road and industrial accidents caused by alcohol consumption and methods of preventing or reducing them;
(d) research into the effectiveness of methods of preventing road and industrial accidents caused by alcohol consumption;
(e) the provision of financial assistance to organizations providing treatment, counselling and family support to persons suffering from alcoholism;
(f) the provision of financial assistance for education in the hospitality industry.
(1) For the removal of doubts it is declared that –
(a) the trustees and all subsequent trustees of the Trusts may administer the property of the Trusts as if the Trusts had been created for charitable purposes; and
(b) the property of the Trusts shall be treated in law as if the Trusts are and always have been trusts for charitable purposes.
(2) In this section, a reference to property shall be read as including a reference to a legal or an equitable estate or interest in any property, whether present or future and whether vested or contingent, and an entitlement, power or privilege, if that estate, interest, entitlement, power or privilege arises from the administration of the Trusts, whether pursuant to the Trust Deed or pursuant to this Act.