Version No. 001
Old Colonists' Association Act 1882
Act No. 730/1882
Version incorporating amendments as at 6 July 1999
TABLE OF PROVISIONS
Section
1.
The permanent fund to be established by law and rendered
indefeasible
2.
The interest only of permanent fund to be used
3.
Repealed
4.
Penalty on paying moneys out of permanent fund
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Page
2
3
3
3
ENDNOTES
4
1. General Information
4
2. Table of Amendments
5
3. Explanatory Details
6
i
Version No. 001
Old Colonists' Association Act 1882
Act No. 730/1882
Version incorporating amendments as at 6 July 1999
An Act to establish and regulate a Permanent Fund in
connection with the Old Colonists' Association of Victoria.
Preamble
WHEREAS on the first day of June One thousand
eight hundred and sixty-nine an Association named
"The Old Colonists' Association of Victoria" was
formed and is now existing in the colony of
Victoria consisting of persons who have resided in
the said colony for twenty years—members who
arrived prior to the twenty-third of November One
thousand eight hundred and fifty-five (being the
day upon which constitutional government in
Victoria was proclaimed) and who have since
continued colonists and their male descendants
being termed "Pioneers"—the objects of which
Association are:
(1) To assist necessitous old colonists by loan or
otherwise:
(2) To promulgate facts relative to the early
history of the colony:
(3) To promote the advancement of native-born
Victorians:
(4) To encourage a friendly recognition of the
members:
AND WHEREAS it is expedient that the
permanent fund of the said Association should be
established by law and rendered indefeasible
whereby the public advantage and the interests of
the said Association will be greatly promoted:
1
Old Colonists' Association Act 1882
s. 1
Act No. 730/1882
BE IT THEREFORE ENACTED by the Queen's Most
Excellent Majesty by and with the advice and consent of the
Legislative Council and the Legislative Assembly of Victoria
in this present Parliament assembled and by the authority of
the same as follows (that is to say):
S. 1
amended by
No. 5901
s. 5(4)(a)
(i)–(iii).
1. The permanent fund to be established by law and
rendered indefeasible
The said Association shall continue to be called
and known as "The Old Colonists' Association of
Victoria," and notwithstanding anything contained
in the Acts numbered CCLIV and DXC there shall
be established by law and rendered indefeasible
the permanent fund of the said Association. Such
fund shall consist of a sum of Three thousand and
fifty nine dollars, eighty eight cents1 (of which the
sum of Two thousand dollars2 is invested on
mortgages of freehold land in the said colony, the
sum of Nine hundred dollars3 consists of cash in
bank on fixed deposit, and the remaining One
hundred and fifty nine dollars, eighty eight cents4
consists of cash in bank now lying to the credit of
a fund called by the Association the Permanent
Fund), and of all future donations and bequests
not otherwise specially directed by the donors
thereof to be applied—all donations entitling
persons to be life governors, one-half of the
amount of subscriptions paid to the Association by
governors, and unless excepted for an advertised
purpose one-half of the net proceeds derived by
the Association from all benefit performances, and
all other moneys which may be lawfully paid into
such permanent fund. Such fund shall be invested
as the Association (subject to the control of a
special meeting) may determine, and the present
and future investments may be varied as the
Association (subject to such control) may from
time to time think fit.
2
Old Colonists' Association Act 1882
s. 2
Act No. 730/1882
2. The interest only of permanent fund to be used
In addition to such moneys as the Association
may from time to time receive or have received
and which are not by this Act made payable into
the permanent fund, only the interest arising from
such permanent fund shall be appropriated in
payment of any of the objects of the Association.
*
*
*
*
*
4. Penalty on paying moneys out of permanent fund
Every agreement made by any officers to pay any
moneys out of the said permanent fund shall be
null and void, and any officers making such
agreement or paying any moneys out of such
permanent fund contrary to the provisions of this
Act shall be guilty of a misdemeanour, and being
convicted thereof shall be liable at the discretion
of the Court to be imprisoned for any term not
exceeding three years.
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3
S. 2
amended by
No. 5901
s. 3(3).
S. 3
repealed by
No. 5901
s. 5(4)(b).
S. 4
amended by
No. 5901
s. 5(4)(c).
Old Colonists' Association Act 1882
Endnotes
Act No. 730/1882
ENDNOTES
1. General Information
The Old Colonists' Association Act 1882 was assented to on 14 August
1882 and came into operation on 14 August 1882.
4
Old Colonists' Association Act 1882
Act No. 730/1882
2. Table of Amendments
This Version incorporates amendments made to the Old Colonists'
Association Act 1882 by Acts and subordinate instruments.
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Old Colonists' Association Act 1955, No. 5901/1955
Assent Date:
29.11.55
Commencement Date:
29.11.55
Current State:
All of Act in operation
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5
Endnotes
Old Colonists' Association Act 1882
Endnotes
Act No. 730/1882
3. Explanatory Details
1
S. 1: Refer to section 5 of the Decimal Currency Act 1965, No. 7315/1965.
2
S. 1: See note 1.
3
S. 1: See note 1.
4
S. 1: See note 1.
6