193Administrative powers of trustees

193 Administrative powers of trustees (1) In this section, administrative power means a power of a trustee other than a power to appoint, pay, transfer, advance, apply, distribute or otherwise deal with trust property in or towards satisfaction of the interest of a beneficiary under the trust or in or towards satisfaction of a purpose of the trust. (2) The rule against perpetuities does not invalidate an administrative power in relation to trust property during the subsistence of a beneficial interest in the trust property. (3) This section applies to an administrative power that takes effect or is exercised before or after the commencement of this Act.