Establishment of the Trust
5 Establishment of the Trust
The Caulfield Racecourse Reserve Trust is established.
The Trust—
is a body corporate with perpetual succession; and
has a common seal; and
may sue or be sued in its corporate name; and
is capable of acquiring, holding and disposing of real and personal property; and
is capable of doing or suffering anything which by law a body corporate may do or suffer.
The common seal must be kept as directed by the Trust and must not be used except as authorised by the Trust.
All courts must take judicial notice of the common seal of the Trust affixed to a document and, until the contrary is proved, must presume that it was duly affixed.
This Act’s bill:Explanatory memorandumSecond reading speech
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