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Trusts Bill 2025
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Trusts Bill 2025
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trust . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170
277 Statement in existing instrument about vacancy in trust or removal of
trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170
278 Power of court to relieve trustee from personal liability for breach of trust
committed before commencement . . . . . . . . . . . . . . . . . . . . . . . 170
279 Power of court to make beneficiary indemnify for breach of trust
committed before commencement . . . . . . . . . . . . . . . . . . . . . . . 171
280 Indemnity for acts done under particular court orders . . . . . . . . . 171
Division 9 Provisions for remuneration of trustees
281 Existing proceedings for remuneration of trustees . . . . . . . . . . . 171
282 Proceedings for remuneration of trustees for whom charges have been
paid out under repealed Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . 171
283 Application of s 161 to amounts charged, or proposed to be charged, for
commission or professional charges . . . . . . . . . . . . . . . . . . . . . . 172
Division 10 Provisions for court powers
284 Existing proceedings under particular provisions of repealed Act 172
285 Powers etc. of trustees appointed by court under repealed Act, s 80
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 172
286 Power to disqualify particular persons from appointment as trustees and
remove them as trustees of other trusts . . . . . . . . . . . . . . . . . . . 173
287 Circumstances relating to validity of vesting and other orders made under
repealed Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 173
288 Agreements entered into for infants by court-appointed persons 173
289 Orders authorising dealings etc. in relation to particular property to which
infants are beneficially entitled . . . . . . . . . . . . . . . . . . . . . . . . . . 174
290 Vesting orders made under repealed Act . . . . . . . . . . . . . . . . . . 174
291 Powers of persons in whose favour vesting order as trustee made under
repealed Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175
292 Conveyance or release by person appointed by court under repealed
Act, s 92 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175
293 Revocation or variation of orders made under repealed Act, s 94 176
294 Directions made under repealed Act, s 96 . . . . . . . . . . . . . . . . . 176
295 Application of provisions about proceedings in absence of particular
persons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176
296 Application of provisions for orders about costs . . . . . . . . . . . . . 177
297 Payment into court—orders made before commencement . . . . . 177
298 Payment into court—money or securities paid before commencement
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 177
Division 11 Provision for charitable trusts
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Contents
Trusts Bill 2025
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299 Existing proceedings in relation to charitable trusts . . . . . . . . . . 177
Division 12 Provision for gifts by particular trustees to charity-like government
entities or other entities
300 Application of pt 13 to funds and trusts established before
commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 178
Division 13 Provisions for particular philanthropic gifts
Subdivision 1 Preliminary
301 Definition for division . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 178
Subdivision 2 Validation of exercise, or purported exercise, of particular powers
302 Validation provision for exercise, or purported exercise, of particular
powers during relevant period . . . . . . . . . . . . . . . . . . . . . . . . . . . 179
Subdivision 3 Application of Act to particular prescribed trusts
303 Definitions for subdivision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180
304 Meaning of former prescribed power . . . . . . . . . . . . . . . . . . . . . . 180
305 Application of Act to particular prescribed trusts . . . . . . . . . . . . . 181
306 Application of s 305 in relation to particular powers exercised, or
purportedly exercised, before commencement . . . . . . . . . . . . . . 182
Division 14 Provision for particular statutory trustees under repealed Act
307 Continued application of repealed Act to statutory trustees of settled land
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 183
Division 15 Other matters
308 Requirements for particular transfers to local governments to end 183
309 References to repealed Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 184
310 Transitional regulation-making power . . . . . . . . . . . . . . . . . . . . . 184
Part 18 Amendment of Acts
Division 1 Amendment of this Act
311 Act amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 184
312 Amendment of long title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185
Division 2 Amendment of Aboriginal Land Act 1991
313 Act amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185
314 Amendment of pt 21, div 2, hdg (Powers of Supreme Court) . . . 185
315 Insertion of new s 268A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185
268A Definition for division . . . . . . . . . . . . . . . . . . . . . . . . . 185
316 Amendment of s 269 (Jurisdiction of Supreme Court) . . . . . . . . 186
317 Amendment of sch 1 (Dictionary) . . . . . . . . . . . . . . . . . . . . . . . . 186
Division 3 Amendment of Corrective Services Act 2006
318 Act amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 186
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319 Amendment of s 311 (Prisoners trust fund) . . . . . . . . . . . . . . . . . 186
320 Amendment of s 315 (Investment of prisoners trust fund) . . . . . 186
321 Insertion of new s 319KA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 187
319KA Relationship with Trusts Act 2025 . . . . . . . . . . . . . . . 187
Division 4 Amendment of District Court of Queensland Act 1967
322 Act amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 187
323 Amendment of s 68 (Civil jurisdiction) . . . . . . . . . . . . . . . . . . . . . 187
Division 5 Amendment of Funeral Benefit Business Act 1982
324 Act amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 188
325 Amendment of s 79 (Application of Trusts Act 1973) . . . . . . . . . 188
326 Replacement of pt 9, hdg (Transitional provisions for Liquor and Gaming
(Red Tape Reduction) and Other Legislation Amendment Act 2013)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 188
327 Amendment of s 90 (Definitions for pt 9) . . . . . . . . . . . . . . . . . . . 189
328 Insertion of new pt 9, div 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 189
Division 2 Transitional provisions for Trusts Act 2025
97 Definition for division . . . . . . . . . . . . . . . . . . . . . . . . . 189
98 Application of Trusts Act 2025 to particular payments made
before commencement . . . . . . . . . . . . . . . . . . . . . . . 189
99 Continued application of repealed Trusts Act 1973 in
particular circumstances . . . . . . . . . . . . . . . . . . . . . . 190
Division 6 Amendment of Public Trustee Act 1978
329 Act amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 191
330 Replacement of s 40 (When public trustee being custodian trustee or
statutory trustee may act as general trustee) . . . . . . . . . . . . . . . 191
40 When public trustee as custodian trustee may act as
managing trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . 191
40A When public trustee as statutory trustee may act as trustee
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 192
331 Insertion of new pt 10, div 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 192
Division 4 Transitional provisions for Trusts Act 2025
150 When public trustee as custodian trustee may act as
managing trustee—existing appointment . . . . . . . . . 193
151 Application of former s 40(3) to particular statutory trustees
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 193
Division 7 Amendment of River Improvement Trust Act 1940
332 Act amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 193
333 Insertion of new s 5BA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 194
Contents
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5BA Relationship with Trusts Act 2025 . . . . . . . . . . . . . . . 194
334 Replacement of pt 9, hdg (Transitional provision for Water Legislation
Amendment Act 2016) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 194
335 Insertion of new pt 9, div 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 194
Division 2 Validation provision for Trusts Act 2025
25 Relationship with repealed Trusts Act 1973 . . . . . . . 194
Division 8 Amendment of Succession Act 1981
336 Act amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195
337 Insertion of new ss 49B–49D . . . . . . . . . . . . . . . . . . . . . . . . . . . 195
49B Power to carry on business . . . . . . . . . . . . . . . . . . . . 195
49C Power to subscribe to particular funds if carrying on business
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 197
49D Court may approve period for carrying on business . 198
338 Insertion of new s 53A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 198
53A Protection of personal representatives for calls made after
transfer of shares . . . . . . . . . . . . . . . . . . . . . . . . . . . 198
339 Insertion of new s 61AA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 199
61AA Abolition of rule in Allhusen v Whittell . . . . . . . . . . . . 199
Division 9 Amendment of Torres Strait Islander Land Act 1991
340 Act amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 201
341 Amendment of pt 15, div 2, hdg (Powers of Supreme Court) . . . 201
342 Insertion of new s 173A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 201
173A Definition for division . . . . . . . . . . . . . . . . . . . . . . . . . 201
343 Amendment of s 174 (Jurisdiction of Supreme Court) . . . . . . . . 202
344 Amendment of sch 1 (Dictionary) . . . . . . . . . . . . . . . . . . . . . . . . 202
Part 19 Other amendments
345 Legislation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202
Schedule 1 Dictionary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 203
Schedule 2 Other amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 209
Aboriginal Land Act 1991 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 209
Building Industry Fairness (Security of Payment) Act 2017 . . . . 210
Charitable Funds Act 1958 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 211
Funeral Benefit Business Act 1982 . . . . . . . . . . . . . . . . . . . . . . . 211
Guardianship and Administration Act 2000 . . . . . . . . . . . . . . . . . 212
Land Act 1994 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 212
Contents
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Land Valuation Act 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 212
Legal Aid Queensland Act 1997 . . . . . . . . . . . . . . . . . . . . . . . . . 213
Limitation of Actions Act 1974 . . . . . . . . . . . . . . . . . . . . . . . . . . . 213
Nature Conservation Act 1992 . . . . . . . . . . . . . . . . . . . . . . . . . . 213
Powers of Attorney Act 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 214
Property Law Act 1974 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 214
Property Law Act 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 214
Public Trustee Act 1978 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215
Retirement Villages Act 1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . 215
Succession Act 1981 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 216
Torres Strait Islander Land Act 1991 . . . . . . . . . . . . . . . . . . . . . . 216
Trustee Companies Act 1968 . . . . . . . . . . . . . . . . . . . . . . . . . . . 218
United Grand Lodge of Antient Free and Accepted Masons of
Queensland Trustees Act 1942 . . . . . . . . . . . . . . . . . . . . . . . . . . 218
2025
A Bill
for
An Act to provide for the law relating to trusts, to repeal the
Trusts Act 1973, and to amend this Act, the Aboriginal Land Act
1991, the Corrective Services Act 2006, the District Court of
Queensland Act 1967, the Funeral Benefit Business Act 1982,
the Public Trustee Act 1978, the River Improvement Trust Act
1940, the Succession Act 1981, the Torres Strait Islander Land
Act 1991 and the legislation mentioned in schedule 2 for
particular purposes
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[s 1]
Trusts Bill 2025
Part 1 Preliminary
The Parliament of Queensland enacts—
Part 1 Preliminary
Division 1 Introduction
1 Short title
This Act may be cited as the Trusts Act 2025.
2 Commencement
This Act commences on a day to be fixed by proclamation.
3 Application of Act
(1) This Act applies in relation to a trust whether created before
or after, or partly before and partly after, the commencement
of this Act, except to the extent this Act or another Act
provides otherwise.
Note—
For an example of an Act providing otherwise, see the Land Act 1994,
section 90.
(2) Also, this Act applies despite a contrary intention in any trust
instrument, except to the extent this Act provides otherwise.
(3) This Act does not prevent a settlor conferring on a trustee any
powers additional to or greater than those conferred under this
Act.
(4) Any additional or greater power conferred on a trustee by a
settlor has effect and is exercisable in the same way, and with
the same consequences, as a power conferred under this Act.
(5) Subsection (4) applies subject to an express contrary intention
in the trust instrument.
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[s 4]
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Part 1 Preliminary
(6) The powers conferred on a trustee under this Act are in
addition to the powers conferred on the trustee under any
other Act.
(7) In this section—
trustee includes a person exercising the powers of a trustee
under this Act.
4 Act binds all persons
This Act binds all persons, including the State and, to the
extent the legislative power of the Parliament permits, the
Commonwealth and the other States.
Division 2 Interpretation
5 Definitions
The dictionary in schedule 1 defines particular words used in
this Act.
6 Meaning of trust
Trust includes—
(a) an implied, resulting, bare or constructive trust; and
(b) the duties incidental to the office of a personal
representative.
7 Meaning of trustee and statutory trustee
(1) Trustee includes—
(a) a trustee corporation; and
(b) another corporation in which property subject to a trust
is vested; and
(c) a personal representative; and
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[s 8]
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Part 1 Preliminary
(d) a statutory trustee.
(2) A person, other than a person under a legal incapacity, is a
statutory trustee in relation to trust property comprising land
if—
(a) the person is beneficially entitled to possession of the
land, or to the rents and profits of the land; and
(b) apart from this section, there is no trustee of the land.
Note—
See part 14 in relation to statutory trustees.
8 Meaning of trust instrument
(1) The trust instrument, in relation to a trust, is any instrument
creating the trust, as modified by all validly executed
amendments.
(2) In this section—
instrument includes an Act.
9 Meaning of trust property and references to trust
property
(1) Trust property includes—
(a) property settled on any trust; and
(b) property subject to any implied, resulting, bare or
constructive trust; and
(c) property subject to any trust or direction for sale,
however arising; and
(d) land vested in a person for an estate for the person’s own
life or any other life, or for a term of years determinable
on life not being a mere lease at rent, or for any greater
estate not being a fee simple absolute; and
(e) land in relation to which a person has, under a will, a
personal licence to reside for the person’s own life or
any other life, or for any lesser period; and
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