Objects of Institution
3 Objects of Institution
The objects of the Institution are to provide assistance to persons in poor and needy circumstances.
For the purposes of achieving the objects of the
Institution—
assistance may be provided by making grants of money to such persons out of the income or capital of the funds or other property of the
Institution or in such other manner as the Board may from time to time determine; and
the Institution (in addition to the funds and other property under its control) may acquire property by purchase, gift, devise, donation, subscription or otherwise; and
preference is to be given to persons who have been resident in
South Australia for a period of at least 5 years.
Money or trust funds held by the Institution immediately before the commencement of the 2020 Amendment Act (including money or other property held as part of the Wyatt Trust) may be applied to or for the purposes of the objects of the Institution after the commencement of the
2020 Amendment Act, despite the fact that such application may be inconsistent with the Wyatt Trust and the objects of the Institution as they existed before that commencement.
The Wyatt Trust is varied by force of this section to the extent necessary to provide consistency with this section.
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