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Trust Accounts Act 1973
sec.46Continuing application of Act to former trustees
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### sec.46 Continuing application of Act to former trustees
This Act, as in force immediately before the commencement, other than the excluded provisions, continues to apply in relation to a former trustee during the transition period.
This section is subject to sections 48, 49 and 50.
In this section—
excluded provisions means—
the following provisions—
section 5;
section 6(1), (2), (5) and (6);
sections 7 to 13;
section 18(1), (2) and (3);
section 19(1); and
from the day that is 1 year after the commencement—section 16(1).
transition period means the period—
starting on the commencement; and
ending on the day that is 2 years after the commencement.
s 46 ins 2023 No. 23 s 229
(sec.46-ssec.1) This Act, as in force immediately before the commencement, other than the excluded provisions, continues to apply in relation to a former trustee during the transition period.
(sec.46-ssec.2) This section is subject to sections 48, 49 and 50.
(sec.46-ssec.3) In this section— excluded provisions means— the following provisions— section 5; section 6(1), (2), (5) and (6); sections 7 to 13; section 18(1), (2) and (3); section 19(1); and from the day that is 1 year after the commencement—section 16(1). transition period means the period— starting on the commencement; and ending on the day that is 2 years after the commencement.
- (a) the following provisions— (i) section 5; (ii) section 6(1), (2), (5) and (6); (iii) sections 7 to 13; (iv) section 18(1), (2) and (3); (v) section 19(1); and
- (i) section 5;
- (ii) section 6(1), (2), (5) and (6);
- (iii) sections 7 to 13;
- (iv) section 18(1), (2) and (3);
- (v) section 19(1); and
- (b) from the day that is 1 year after the commencement—section 16(1).
- (i) section 5;
- (ii) section 6(1), (2), (5) and (6);
- (iii) sections 7 to 13;
- (iv) section 18(1), (2) and (3);
- (v) section 19(1); and
- (a) starting on the commencement; and
- (b) ending on the day that is 2 years after the commencement.