Hospital Foundations Act 2018

A foundation may enter into a special financial arrangement under an approval under division 4.

However, a foundation does not need to obtain an approval under division 4 to—

acquire, by way of a gift, devise or bequest, any of the following—

the whole or a part of a business;

bonds, debentures, inscribed stock, shares, stock or other securities;

foreign currency; or

dispose of land, an interest in land or a building if the land, interest in land or building was acquired by the foundation by way of a gift, devise or bequest.