QLDIn ForceAct
Trusts Act 2025
sec.154Receipts given by trustees
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sec.154 Receipts given by trustees
If a person pays an amount, or transfers or delivers property, to a trustee— the written receipt of the trustee, or an agent appointed by the trustee to give receipts, is a sufficient discharge for the amount or property; and the person paying the amount or transferring or delivering the property— is not required to see to the application of the amount or property; and is not answerable for any loss or misapplication of the amount or property.
- (a) the written receipt of the trustee, or an agent appointed by the trustee to give receipts, is a sufficient discharge for the amount or property; and
- (b) the person paying the amount or transferring or delivering the property— (i) is not required to see to the application of the amount or property; and (ii) is not answerable for any loss or misapplication of the amount or property.
- (i) is not required to see to the application of the amount or property; and
- (ii) is not answerable for any loss or misapplication of the amount or property.
- (i) is not required to see to the application of the amount or property; and
- (ii) is not answerable for any loss or misapplication of the amount or property.