(1) A trust fund does not form part of the Consolidated Fund.
(2) A trust fund shall not receive money out of the Consolidated Fund.
(3) This Act does not extend, abridge or alter the terms of a trust or authorize the making of any rules or the giving of a directive or instruction requiring a person to obey that rule, directive or instruction, in relation to money held on trust which contravenes or is inconsistent with the terms of the trust.
(4) A public officer shall not accept an appointment as a trustee without the written approval of the Minister.
(5) An appointment contrary to subsection (4) is void.
(6) A trust fund established prior to the commencement of this Act is considered to be a trust fund under this Act and the balance standing to the credit of each fund at the close of account on the coming into operation of this Act is considered to be held by the Government for the purposes specified in respect of each trust fund.
(7) The responsible Minister shall cause a trust fund to be published in the Gazette.