Good Government Bill – Cont’d
¡If land was held in contravention of the Act, the Public Guardian and Trustee had the authority to vest the land in her name, with the power to sell the land and use the proceeds for the charities’ charitable purposes. 
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¡The new Act states that all property owned by a charity must be used to benefit the charitable purposes.  With the amendment to section 8 of the Charities Accounting Act, real property would be treated no differently than personal property.  Any property not needed for immediate use could be invested in accordance with the Trustee Act.  Holding land will no longer be any different than holding any other investment.
MC900410517[1]
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