QLDIn ForceAct
Property Law Act 2023
sec.219Application to court to opt in to 125-year perpetuity period
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### sec.219 Application to court to opt in to 125-year perpetuity period
A person interested in a disposition of property under the terms of a trust, settled before the commencement, may apply to the court for an order that the property vest within 125 years after the creation of the trust.
The court may hear and decide the application and make the orders it considers appropriate.
Without limiting subsection (2) , the court may make an order about the disposition of property that, under the terms of the trust, may have vested more than 125 years after the creation of the trust.
(sec.219-ssec.1) A person interested in a disposition of property under the terms of a trust, settled before the commencement, may apply to the court for an order that the property vest within 125 years after the creation of the trust.
(sec.219-ssec.2) The court may hear and decide the application and make the orders it considers appropriate.
(sec.219-ssec.3) Without limiting subsection (2) , the court may make an order about the disposition of property that, under the terms of the trust, may have vested more than 125 years after the creation of the trust.