Technical Education Trust Funds Act 1967 (NSW)

Technical Education Trust Funds Act 1967 No 95

An Act to make provisions with respect to certain trusts for the advancement of education; and for purposes connected therewith.

1 Name of Act and commencement (1) This Act may be cited as the Technical Education Trust Funds Act 1967. (2) This Act shall commence upon a day to be appointed by the Governor and notified by proclamation published in the Gazette.

2 Definitions (1) In this Act, unless the context or subject-matter otherwise indicates or requires: award means an award of a prize, medal or scholarship, or a grant or donation, made for the purposes of substituted trusts and includes any like award for those purposes. by-laws means by-laws made under this Act. educational establishment means: (a) an establishment conducted by the TAFE Commission, (b) the University of Technology Sydney, or (c) any college, institute or other educational body that is declared by the Governor, by notification published in the Gazette, to be an educational establishment for the purposes of this Act. Fund means a trust fund named in the First Column of Schedule 1, being a fund that was, immediately before becoming a Fund for the purposes of this Act, held on the trusts created by the trust instrument described in that Column in relation to that Fund. prescribed means prescribed by this Act or the by-laws. substituted trusts in relation to a Fund means the trusts specified in the Second Column of Schedule 1 opposite the name of the Fund in the First Column of Schedule 1. trust instrument means an instrument described in the First Column of Schedule 1. (2) In sections 7, 8, 13 and 14, a reference to Statutory Trustees includes a reference to a statutory corporation that is a Statutory Trustee of a Fund.