65Protection of trustees

65 Protection of trustees

*[Section 65 Amended by No. 68 of 1994, s. 3 and Sched. 1 ]*A trustee shall not be deemed to be or to have been guilty of any breach of trust or breach of duty by reason only of the fact that –

(a) he has, before the commencement of this Act, agreed not to claim compensation in respect of land resumed from him under the Lands Resumption Act 1910 , purportedly for the purposes of the Commonwealth and State War Service Land Settlement Agreement Act 1945 , in excess of the amount offered by the Crown;

(b) he has, before the commencement of this Act, agreed to accept and has accepted as the purchase price for any land purchased from him under the Lands Resumption Act 1910 , purportedly for the purposes of the Commonwealth and State War Service Land Settlement Agreement Act 1945 , the amount offered by the Crown.

In this section trustee includes personal representative of a deceased person, committee of the estate of a lunatic or idiot, the quasi-committee under section one hundred and fifty-five of the Supreme Court Civil Procedure Act 1932 of the estate of any person, committee appointed under the Mental Health Act 1963 , administrator of a convict's property, judge and Registrar of the Supreme Court, tenant for life under the Settled Land Act 1884 , person with the powers of a tenant for life under that Act, attorney, mortgagee, director of a company, and any other person acting in any fiduciary capacity.