21
In forcePower to accept gifts
Part 4Acquisition, sale, development and management of land and property
Division 1General powers of Corporation in relation to land and property
21 Power to accept gifts
(1)
The Corporation may acquire by gift, bequest or devise any property for any of the purposes of this Act and may agree to, and carry out the conditions of, the gift, bequest or devise.
(2)
The rule of law relating to remoteness of vesting does not apply to any condition of a gift, bequest or devise to which the Corporation has agreed.
(3)
Duty is not chargeable in respect of any gift, bequest or devise made to the Corporation.
This Act’s bill:Explanatory memorandumSecond reading speech
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