What it does
The Wesley College Incorporation Act 1910 creates a statutory body corporate known as "the Principal and Councillors of Wesley College" (s 3(1)). That corporation is the legal vehicle that owns the college’s assets, enters contracts, and holds land. The Act vests "the government in every respect of the college, and all matters relating thereto" in a council consisting of the Principal and the 12 non-Principal councillors (s 9(1)). Governed by this Act alone, not by the general corporations law, the college is a private incorporated institution with a specific religious foundation tied to the Uniting Church in Australia. Mechanically, the Act does not set up a trust or a company limited by guarantee; it establishes a statutory offshoot of the church with its own governing body, its own power to make by-laws (s 16), and its own internal discipline over the Principal and tutors (ss 14, 15). The most economically significant provision is s 4, which permanently forbids the corporation from alienating, mortgaging, charging, or leasing any land originally granted by the Crown (or held in trust for college purposes from the Crown) without the written consent of the Governor with the advice of the Executive Council. This restriction amounts to a perpetual encumbrance on a portion of the college’s balance sheet. It limits the college’s ability to use those Crown-granted lands as collateral for loans or to sell them for redevelopment, even if doing so would be financially rational. The Act also requires every student entering the college to matriculate at the University of Sydney and to attend university lectures (with limited opt outs for ethics, metaphysics and modern history), making the college functionally an ancillary of the university rather than an independent degree-granting institution (s 19). The Act thus operates as a constitutional document for the college, fixing its corporate form, its governing structure, its religious character, and its relationship with the university and the Crown.