Gifts, trusts etc.
5 Gifts, trusts etc.
If—
before or after 1 January 1997—
a gift, disposition or trust of property is made or declared or is deemed to have been made or declared; or
a trust fund is created—
(whether by deed, will or otherwise) to, in favour of, for the use of, or for the purposes of, the Hawthorn Company; and
the gift, disposition, trust or trust fund takes effect, or may take effect, or the trust fund may be applied, on or after that date—
the gift, disposition, trust or trust fund does not fail only because of the provisions of this Act, but, in relation to any other matter occurring on or after that date—
in the case of a gift, disposition or trust of property, takes effect as if made or declared to or in favour of The University of Melbourne or a company referred to in section 40A of the Melbourne University Act 1958 for a purpose of The University of Melbourne or such a company that corresponds with, or is similar to, those purposes of the Hawthorn Company for which it was made or declared; or
S. 5(d) amended by No. 74/2000 s. 3(Sch. 1 item 134).
in the case of a trust fund, may be applied as if created in favour of The University of Melbourne or a company referred to in section 40A of the Melbourne University Act 1958 for a purpose of The University of Melbourne or such a company that corresponds with, or is similar to, those purposes of the Hawthorn Company for which the fund was created.
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