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Tasmanian Beef Industry (Research and Development) Trust Act 1990
14Winding up of original trust
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14 Winding up of original trust
The original trustees shall, as soon as practicable after the establishment of the Trust, pay the unexpended balance of the Fund to the Trust to be held by the Trust for the purposes of this Act and on that payment –
(a) the original trustees shall be freed and discharged from the trusts to which that money is subject; and
(b) no action may be brought in respect of the administration in good faith of those trusts before the commencement of this Act.