2014-11-20 Noosa Biosphere Management Arrangements - Trust Deed - Attachment 1

                  (i)      to which Gifts and Deductible Contributions are made or credited;

                  (ii)     to which any money received because of those Gifts and Deductible Contributions
                           (including the income from the investment of all or part of the Gift Fund) are
                           credited; and

                  (iii)    that does not receive any other money or Property.

        (b)       The objective of the Gift fund is to advance the purposes in clause 4.1.

        (c)       The Trustee must establish and maintain clear accounting procedures for the Gift Fund.

19.2    Management and administration of the Gift Fund

        The Gift Fund must be managed and administered by the board of the Trustee or an Advisory
        Committee of the Trustee, a majority of the members of which must at all times be directors who
        are Publicly Responsible Persons.

19.3    Use of the Gift Fund

        (a)       The Gift Fund must be used solely for the purposes in clause 4.1.

        (b)       The Gift Fund will be operated on a not-for-profit basis.

        (c)       No income or Property from the Gift Fund may be paid or transferred, directly or
                  indirectly, to a director of the Trustee or a member of the Trustee except as
                  reimbursement for out of pocket expenses incurred on behalf of the Trustee or proper
                  remuneration for administrative services.

        (d)       The Trustee must use the following only for Gift Fund purposes:

                  (i)      Gifts made to the Gift Fund; and

                  (ii)     any money received because of those Gifts (including the income from the
                           investment of all or part of the Gift Fund).

19.4    Non-conduit policy

        (a)       The Trustee must not be directed or influenced by the preference of a donor to allocate
                  the funds or Property to other persons or organisations.

        (b)       The Trustee must not act as a collection agency for Deductible Contributions intended by
                  a donor to be passed on to other persons or organisations.

        (c)       Despite clauses 19.4(a) and 19.4(b), the Trustee may apply funds from the Gift Fund to
                  any other fund or organisation that will further the purposes in clause 4.1.

19.5    Receipts

        (a)       Receipts for Gifts and Deductible Contributions to the Gift Fund must be issued in the
                  name of the Gift Fund and must state the information required in the applicable
                  provisions of division 30 ITAA.

        (b)       At a minimum, the receipts issued for Gifts and Deductible Contributions must state:

                  (i)      the name of the Trust;




30672865v4    |     Noosa Biosphere Reserve Trust                                                           14