Part 3Licensing trusts, community trusts, and other matters
Licensing trusts: Establishment of licensing trusts
305Functions of licensing trust
The functions of a licensing trust are to—
- sell and supply alcohol; and
- establish and operate premises for—
- the sale and supply of alcohol; and
- the provision of accommodation for travellers; and
- the sale and supply of food and refreshments; and
- the sale and supply of alcohol; and
- carry on any other business that, in the trust's opinion, can be conveniently carried on in conjunction with the functions set out in paragraphs (a) and (b).
For the purpose of performing its functions, a licensing trust may—
- do anything that a natural person may do; and
- issue debt securities.