15Vesting of property in Trust on appointed day

15 Vesting of property in Trust on appointed day

15 Vesting of property in Trust on appointed day

(1) Any property that was, immediately before the appointed day, vested in any corporation or other person in trust for the Church is, on that day, divested from the corporation or other person and is, to the extent that it was so vested, vested (without conveyance) in the Trust.

(2) The vesting of the property in the Trust does not affect:

(a) any reservation, mortgage, charge, encumbrance, lien or lease that affected the property, or

(b) any trust on which the property was held,

immediately before the vesting of the property.

(3) No attornment to the Trust by a lessee of land vested in the Trust by this section is necessary.

(4) An instrument executed only for:

(a) the purpose of giving effect to this section, or

(b) a purpose ancillary to, or consequential on, the operation of this section,

is exempt from New South Wales duty.