Tsuneichi Fujii Fellowship Trust (Winding-up) Act 2008 (Tas)

Tsuneichi Fujii Fellowship Trust (Winding-up) Act 2008

An Act to wind up the Tsuneichi Fujii Fellowship Trust and to consequentially amend and repeal the Tsuneichi Fujii Fellowship Trust Act 1985 [Royal Assent 17 April 2008]

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

PART 1 - Preliminary

1. Short title This Act may be cited as the Tsuneichi Fujii Fellowship Trust (Winding-up) Act 2008 .

2. Commencement (1) Except as provided in this section, this Act commences on the day on which this Act receives the Royal Assent. (2) Section 10 and Schedule 2 commence on the dissolution day.

3. Interpretation In this Act – dissolution day means the day on which a notice is published in the Gazette under section 4(4) ; Trust means the Tsuneichi Fujii Fellowship Trust established by section 3 of the Trust Act ; Trust Act means the Tsuneichi Fujii Fellowship Trust Act 1985 .

PART 2 - Winding-up of Trust

4. Dissolution of Trust (1) After applying all of the funds of the Trust in accordance with section 10 of the Trust Act , the Trust is to notify the Minister in writing of the application of the funds. (2) After applying all of the funds of the Trust in accordance with section 10 of the Trust Act but before notifying the Minister under subsection (1) of the application of the funds, the Trust must – (a) ensure that it has complied with sections 17 and 18 of the Trust Act with respect to the preceding financial year; and (b) prepare, and provide to the Auditor-General, financial statements exhibiting a true and correct record of the financial position of the Trust with respect to the current financial year up until the day on which the financial statements are prepared. (3) A notice given to the Minister under subsection (1) in a financial year is to be accompanied by – (a) a report of the affairs and activities of the Trust with respect to the financial year up until the day on which the notice is given to the Minister; and (b) a copy of the financial statements prepared under subsection (2)(b) ; and (c) a copy of the Auditor-General's report with respect to those statements. (4) As soon as practicable after receiving a notice under subsection (1) and the accompanying documents referred to in subsection (3) , the Minister, by notice in the Gazette, is to declare that the Trust is dissolved. (5) The Trust is dissolved on the dissolution day. (6) A notice under subsection (4) is not a statutory rule for the purposes of the Rules Publication Act 1953 .