Legacy Trust Fund Bill 2000 (Qld)

Queensland

LEGACY TRUST FUND BILL

LEGACY TRUST FUND BILL 2000

TABLE OF PROVISIONS

Section Page 1 Short title 200... 4 2 Commencement... 1.0.06... eee c eee eee 4 3 Definitions 2.0.0... 0... ete ene eee 4 4 Application of Act and relationship with the Trusts Act 1973........... 4 5 Fund money is a controlled receipt on and after commencing day....... 4 6 Limitation on spending the fund money............. 0.00 eee eee 4 7 Declaration, prohibition and barring of actions.................00-005 5

SCHEDULE ......................04, 6

DICTIONARY

A BILL FOR

An Act to provide for the money standing to the credit of the Legacy Trust Fund and related accounts and funds of the department

sl 4 s6 Legacy Trust Fund

The Parliament of Queensland enacts—

Short title 1. This Act may be cited as the Legacy Trust Fund Act 2000.

Commencement

2. This Act commences on a day to be fixed by proclamation.

Definitions

3. The dictionary in the schedule defines particular words used in this Act.

Application of Act and relationship with the Trusts Act 1973

4.(1) This Act applies to the amount standing to the credit of the fund immediately before the commencing day (the "fund money").

(2) If there is an inconsistency between this Act and the Trusts Act 1973, this Act prevails to the extent of the inconsistency.

Fund money is a controlled receipt on and after commencing day

5. On and after the commencing day, the fund money is a controlled receipt of the department for this Act and any other Act.

Limitation on spending the fund money

6. The Minister may spend all or part of the fund money only for the following purposes—

(a) a purpose that benefits persons with a vision impairment, including, for example, children and workers with a vision impairment;

(b) another purpose the Minister reasonably considers is consistent 11 13 16 19 21 s7 5 s7 Legacy Trust Fund