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On 26/05/2013, you requested for the version in force on 26/05/2013 incorporating all amendments published on or before 26/05/2013. The closest version currently available is that of 26/08/1988.
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Powers of Senate
7.
—(1)  The Senate may exercise all such powers of the Academy as they think fit except as otherwise provided by this Act.
(2)  The Senate may on behalf of the Academy accept by way of grant, gift, testamentary disposition or otherwise, property and moneys in aid of the finances of the Academy on such conditions as they may determine.