15Replacement of agent prescribed body corporate by trustee prescribed body corporate

#### 15 Replacement of agent prescribed body corporate by trustee prescribed body corporate (1) For paragraph 56(7)(a) of the Act, the common law holders: (a) may apply to the Federal Court for a determination that a prescribed body corporate hold the rights and interests from time to time comprising the native title in trust for the common law holders if: (i) there is an agent prescribed body corporate; and (ii) the common law holders decide that they want the rights and interests held in trust; and (b) if they do—must comply with the notification requirements mentioned in regulation 18. (2) The Federal Court may: (a) determine that a prescribed body corporate, whether or not it is the agent body corporate, is to hold the rights and interests in trust for the common law holders; and (b) make orders about any matter relating to the termination of the trust, the performance of those functions and the transition to the replacement prescribed body corporate.