21ACertain property held in trust

21A Certain property held in trust

21A Certain property held in trust

(1) The repeal of section 30 (2) by the Baptist Churches of New South Wales Property Trust (Amendment) Act 1992 does not override a declaration by the replacement trustee that the replacement trustee will hold the property upon the same trusts as those under which the Trust held it.

(2) Section 22 applies to the exercise by a replacement trustee of the replacement trustee’s functions respecting trust property as if the references to the Trust in that section were references to the replacement trustee.

(3) In this section, replacement trustee means a body or person appointed, at any time before the commencement of Schedule 1 (7) (b) to the Baptist Churches of New South Wales Property Trust (Amendment) Act 1992, under section 30 (2) (as in force immediately before that commencement) to act as a trustee or as one of the trustees of trust property in place of the Trust.

s 21A: Ins 1992 No 76, Sch 1 (2).