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Trusts Act 2025
sec.102Revocation by delegate
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sec.102 Revocation by delegate
The delegation of a matter under section 95 is revoked if— the delegate resigns by written notice given to the trustee; or the delegate becomes disqualified from being appointed as a trustee by an order made under section 168 ; or for a delegate who is an individual, the delegate— dies; or becomes a person with impaired capacity for administering the trust; or becomes an insolvent under administration; or for a delegate that is a trustee corporation, the delegate— stops carrying on business; or becomes a Chapter 5 body corporate; or is deregistered or otherwise ceases to exist.
- (a) the delegate resigns by written notice given to the trustee; or
- (b) the delegate becomes disqualified from being appointed as a trustee by an order made under section 168 ; or
- (c) for a delegate who is an individual, the delegate— (i) dies; or (ii) becomes a person with impaired capacity for administering the trust; or (iii) becomes an insolvent under administration; or
- (i) dies; or
- (ii) becomes a person with impaired capacity for administering the trust; or
- (iii) becomes an insolvent under administration; or
- (d) for a delegate that is a trustee corporation, the delegate— (i) stops carrying on business; or (ii) becomes a Chapter 5 body corporate; or (iii) is deregistered or otherwise ceases to exist.
- (i) stops carrying on business; or
- (ii) becomes a Chapter 5 body corporate; or
- (iii) is deregistered or otherwise ceases to exist.
- (i) dies; or
- (ii) becomes a person with impaired capacity for administering the trust; or
- (iii) becomes an insolvent under administration; or
- (i) stops carrying on business; or
- (ii) becomes a Chapter 5 body corporate; or
- (iii) is deregistered or otherwise ceases to exist.