Gazette amending-2019-0004 — Trusts Act

Gazette

amending-2019-0004

Published

LG16/S4 —

s2Amends the definition of 'trust corporation' and inserts a new definition for 'trust litigation'.

LG16/S4 —

s64Inserts new sections 64A and 64B regarding jurisdiction to set aside mistaken exercise of fiduciary power and to approve compromise.

LG16/S4 —

s72Amends section 72(1) by changing the condition for varying trusts from 'for the benefit' to 'not to the detriment'.

LG16/S4 —

s91Inserts after 'a personal relationship to the settlor' the words 'or any beneficiary (whether discretionary or otherwise)'.

LG16/S4 —

s105Repeals subsection (2).

LG16/S4 —

s113Repeals subsection (4).