52Powers of administrators

52 Powers of administrators

(1) If an administrator is appointed in relation to a patriotic fund under this Act—

(a) the powers of the trustees of the patriotic fund conferred on the trustees by the patriotic fund's trust deed devolve on the administrator; and

(b) while the administration remains in force, those powers may only be exercised by the administrator.

(2) Without limiting subsection (1), the administrator may—

(a) dispose of, or otherwise deal with, any assets of the patriotic fund for the purposes of the administration;

(b) incur any expenses that are reasonably necessary for the purposes of the administration;

(c) if required or authorised to do so, wind up the patriotic fund;

(d) do any thing else that is incidental to the exercise of the powers conferred by this subsection.

(3) The administrator may defray the costs of the administration, including any costs under section 53, from the patriotic fund.