5Anzac Day trusts
The New Zealand Returned Services' Association (Incorporated) may, either itself or acting in conjunction with any organisation not prohibited from so doing, take steps to set up a trust in accordance with this section, and may appoint trustees to receive donations and grants from time to time for such specified charitable purposes as are publicly notified by the trustees before Anzac Day in any year as the purposes for which donations and grants to them in that year will be applied.
Any local Returned Services' Association affiliated with the New Zealand Returned Services' Association (Incorporated) may, either itself or acting in conjunction with any organisation not prohibited from so doing, take steps to set up a trust in accordance with this section, and may appoint trustees to receive donations and grants from time to time for such specified charitable purposes as are publicly notified by the trustees before Anzac Day in any year as the purposes for which donations and grants to them in that year will be applied.
Any such trustees may receive donations and grants from persons, companies, and societies, whether incorporated or not, carrying out activities on Anzac Day at a profit, and from other persons and public bodies.
Subject to the provisions of subsection (5), in any case where steps are taken under this section to set up a trust, the body or bodies taking the steps may execute an instrument appointing trustees of all donations and grants made to the trustees under this section and providing for the administration of the money and property to be held by the trustees and for their powers in respect thereof.
All money and property held by any trustees who are appointed as aforesaid shall be applied at the discretion of the trustees for the specified charitable purposes for which they were received as aforesaid by the trustees.


