Trusts Act 2025
sec.269Existing protective trusts
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sec.269 Existing protective trusts
This section applies if, immediately before the commencement, income (including an annuity or other periodical income payment) was directed to be held on protective trusts for the benefit of any person for the period of the person’s life or for any less period. Until the end of the period mentioned in subsection (1), the income continues to be held on the trusts provided for under the repealed Act, section 64 as if this Act had not been enacted. (sec.269-ssec.1) This section applies if, immediately before the commencement, income (including an annuity or other periodical income payment) was directed to be held on protective trusts for the benefit of any person for the period of the person’s life or for any less period. (sec.269-ssec.2) Until the end of the period mentioned in subsection (1), the income continues to be held on the trusts provided for under the repealed Act, section 64 as if this Act had not been enacted.