(1) The funds of the Board shall consist of ¾

(a) the fees prescribed by or under this Act and payable to the Board;

(b) grants (if any) by the Government of the State, and all gifts and donations made by any person to the Board, but subject to any trusts declared in relation thereto; and

(c) all money or property that may come into the hands of, or be acquired by, the Board

under and for the purposes of this Act.

(2) The funds of the Board may be applied by the Board for ¾

(a) any of the purposes of this Act;

(b) the furtherance of education and research in chiropractic; and

(c) any other purpose approved by the Minister.