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Marine Resources (Savings and Transitional) Act 1995
14Deeds of agreement
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14 Deeds of agreement
(1) A deed of agreement in force under the former Act immediately before the Living Marine commencement day continues, on that day, to be in force until whichever of the following occurs first:
(a) it expires;
(b) it is terminated.
(2) The common law rule against perpetuities and the Perpetuities and Accumulations Act 1992 does not apply to a deed of agreement referred to in subsection (1) .