Development Process. (a) The Trustee must hold, manage, invest and exploit the Development Land as follows: (i) in consultation with the Investment Committee (if there is one); (ii) by exercising the Trustee’s investment powers in accordance with clause 19, Schedule 5 and the Investment Policy or Default Investment Policy (as the case requires); and (iii) by ensuring that Property Development Activities are undertaken by one or more Noongar Boodja Development Corporations. (b) The Trustee is not permitted to Distribute the Development Land pursuant to clause 17 or otherwise.
Appears in 3 contracts
Sources: Trust Agreement, Trust Agreement, Noongar Boodja Trust Deed