55Property outside ACT

55 Property outside ACT (1) Where any property subject to a trust or forming part of the estate of a testator or intestate is in any place outside the ACT, the trustee may appoint any person to act as his or her agent or attorney for any of the following purposes: (a) selling, converting, collecting, getting in, and executing and perfecting assurances of, or managing, or cultivating, or otherwise administering the property; (b) executing or exercising any discretion trust or power vested in the trustee in relation to the property. (2) The agent or attorney may be so appointed with such ancillary powers, and with and subject to such provisions and restrictions as the trustee may think fit, including a power to appoint substitutes. (3) The trustee is not liable for any loss arising from an appointment under this section only because the trustee made the appointment.