QLDIn ForceAct
Trusts Act 1973
sec.30CPower of court to set off gains and losses arising from investment
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### sec.30C Power of court to set off gains and losses arising from investment
The court may, when 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 sustained by the trust, 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.
The power of set off conferred by subsection (1) is in addition to any other power or entitlement to set off all or part of any loss against any property.
s 30C ins 1999 No. 69 s 5
(sec.30C-ssec.1) The court may, when 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 sustained by the trust, 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.
(sec.30C-ssec.2) The power of set off conferred by subsection (1) is in addition to any other power or entitlement to set off all or part of any loss against any property.