CTHIn ForceAct
Bankruptcy Act 1966
302BCertain provisions in trust deeds void
Start here
Get a plain-English read of 302B
Turn the raw legal text into a practical explanation grounded in Bankruptcy Act 1966.
302B Certain provisions in trust deeds void
(1) A provision of a trust deed is void to the extent that it has the effect of:
(a) cancelling, reducing or qualifying a beneficiary’s interest under the trust; or
(b) allowing the trustee to exercise a discretion to the detriment of a beneficiary’s interest;
if the beneficiary becomes a bankrupt, commits an act of bankruptcy or executes a personal insolvency agreement under this Act.
(2) This section does not apply to a provision that facilitates compliance with: