8   Dealings with property on trust or condition

The Authority may accept, hold and administer property on trust or subject to a condition that the property be applied for or towards any one or more of the following purposes:

(a)  the promotion or welfare of greyhound or harness racing or the greyhound or harness racing industry,

(b)  the assistance of persons who are or have, at any time, been associated with the greyhound or harness racing industry,

(c)  the assistance of persons who are or have, at any time, been the dependants of persons referred to in paragraph (b).