ACTIn ForceAct
Trustee Act 1925
89APower of Supreme Court to set off investment gains and
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89A Power of Supreme Court to set off investment gains and
losses
(1) In considering an action for breach of trust arising out of or in relation
to an investment by a trustee where a loss has been or is expected to
be made by the trust, the Supreme Court may set off all or part of the
loss resulting from the investment against all or part of the gain
resulting from any other investment whether in breach of trust or not.
(2) The power of set-off under subsection (1) is in addition to any other
power or entitlement to set off all or part of any loss against any