Commons Management Act 1989

A trust which has entered into any transaction with respect to the land vested in the trust (including the granting of a temporary licence) in accordance with this Division must apply any proceeds of the transaction:

in accordance with any directions of the Minister, and

subject to any such directions, in the exercise of its functions under this Act.

For the purposes of subsection (1), the proceeds of a transaction relating to the land vested in the trust are the proceeds after meeting the costs of the transaction.