105
CurrentPower to accept gifts, bequests or devises of property
Part 9Miscellaneous
Division 3Miscellaneous provisions relating to TfNSW
105 Power to accept gifts, bequests or devises of property
(1)
TfNSW may acquire by gift, bequest or devise any property for any of the purposes of TfNSW 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 TfNSW has agreed.
(3)
Nothing in the Duties Act 1997 applies to any real or personal property of any kind comprised in any gift, bequest or devise made to TfNSW.
This Act’s bill:Explanatory memorandum
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