Document ID: chunk:federal_register_of_legislation:C2010C00300:clause:7_185
Version: federal_register_of_legislation:C2010C00300
Segment Type: clause
Provision Reference: sch 7 cl 185
Character Range: 64830–65533

185  After section 30‑125
Insert:

30‑130  Maintaining a gift fund

 (1) The entity must maintain for the principal purpose of the fund, authority or institution a fund (the gift fund):
 (a) to which gifts of money or property for that purpose are to be made; and
 (b) to which contributions described in item 7 or 8 of the table in section 30‑15 in relation to a *fund‑raising event held for that purpose are to be made; and
 (c) to which any money received by the entity because of such gifts or contributions is to be credited; and
 (d) that does not receive any other money or property.

 (2) The entity must use the gift fund only for the principal purpose of the fund, authority or institution.