Federal Register of Legislation
Science and Industry Endowment Act 1926
Act No. 21 of 1926 as amended
This compilation was prepared on 16 October 2000 taking into account amendments up to Act No. 121 of 1986
The text of any of those amendments not in force on that date is appended in the Notes section
Prepared by the Office of Legislative Drafting, Attorney‑General's Department, Canberra
Contents 1 Short title [see Note 1] 2 Interpretation 3 Appropriation 4 The Fund 5 Control of Fund 6 Trustee of Science and Industry Endowment Fund 7 Investment of Fund 8 Application of Fund 9 Application of gifts or bequests 10 Audit of accounts
Notes An Act to constitute a Fund to be utilized for the purposes of Scientific and Industrial Research
1 Short title [see Note 1]
This Act may be cited as the Science and Industry Endowment Act 1926.
2 Interpretation
In this Act, unless the contrary intention appears, the Fund means the Fund established by this Act.
3 Appropriation
For the purposes of this Act there is hereby appropriated out of the Consolidated Revenue Fund the sum of One hundred thousand pounds.
4 The Fund
(1) A Fund is hereby established which shall be known as the Science and Industry Endowment Fund.
(2) The Fund shall consist of: (a) the amount appropriated by this Act and of income derived from the investment of that amount or any part thereof; and (b) gifts or bequests given or made for the purposes of the Fund and the income derived from or proceeds of the realization of the property so given or devised.
5 Control of Fund
The Fund shall be vested in and placed under the control of the trustee appointed by this Act.
6 Trustee of Science and Industry Endowment Fund
The Chief Executive of the Commonwealth Scientific and Industrial Research Organisation shall be the trustee of the Fund.
7 Investment of Fund
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