12FTransitional provision

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12F Transitional provision

Any provision in an Act or any other instrument (whether or not creating a trust) that empowers or requires a person to invest money in investments authorised by the Trustee Act 1958 is to be read as if it empowered or required that person to invest that money according to the provisions of Part I of that Act relating to the investment of trust funds.

Part II—General powers of trustees and personal representatives