9Saving of existing scholarships

9 Saving of existing scholarships

9 Saving of existing scholarships

Every person who, immediately before a trust fund becomes a Fund to which this Act applies, held a scholarship awarded pursuant to trusts created by a trust instrument relating to that trust fund shall, so long as the person observes the terms and conditions applying to the scholarship when it was awarded, be entitled to continue to hold and enjoy the scholarship and to receive any payments or other benefits in respect thereof, as if this Act had not been enacted.

s 9: Am 1999 No 14, Sch 1 [6].