Constitution of Urabba Parks/Section 85

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Gift Revenue Fund

(1)  There shall be a part of the Trust Fund known as the Gift Revenue Fund of which shall consist of gift funds held beneficially by Urabba Parks.

(2)  Except upon the winding-up of the fund, Urabba Parks shall not voluntarily apply any part of a public fund unless such application is approved a body:

(a)  that has at least 3 members; and

(b)  the majority of members required to vote in favour on for any resolution of the body must be qualified to occupy a visitatorial place (category V) under section 102.

(3)  Upon winding-up of a public fund, Urabba Parks may make a charity distribution on the amounts remaining in any public fund to ordinary members.

Note: Special rules apply to charity distributions from public funds: see subsection 92(1).