sec.243First review of existing trust investments

sec.243 First review of existing trust investments

This section applies in relation to trust investments held by a trustee immediately before the commencement. Despite section 73, the first review of the performance of the trust investments must be conducted— if the most recent review of the trust investments under the repealed Act, section 22(3) was completed more than 12 months before the commencement, or a review of the trust investments under that section was never conducted—within 12 months after the commencement; or otherwise—within 12 months after the completion of the most recent review of the trust investments under the repealed Act, section 22(3). (sec.243-ssec.1) This section applies in relation to trust investments held by a trustee immediately before the commencement. (sec.243-ssec.2) Despite section 73, the first review of the performance of the trust investments must be conducted— if the most recent review of the trust investments under the repealed Act, section 22(3) was completed more than 12 months before the commencement, or a review of the trust investments under that section was never conducted—within 12 months after the commencement; or otherwise—within 12 months after the completion of the most recent review of the trust investments under the repealed Act, section 22(3).

• (a) if the most recent review of the trust investments under the repealed Act, section 22(3) was completed more than 12 months before the commencement, or a review of the trust investments under that section was never conducted—within 12 months after the commencement; or
• (b) otherwise—within 12 months after the completion of the most recent review of the trust investments under the repealed Act, section 22(3).