Trustees Act 1962 (WA)

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Western Australia

Trustees Act 1962

Western Australia

Trustees Act 1962 ContentsPart I — Preliminary1 — Short title2 — Commencement4 — Repeals5 — Application6 — Terms usedPart II — Appointment and discharge of trustees7 — New trustees, appointment of8 — New trustee, protection for people dealing with in good faith9 — Trustee may retire without replacement in some cases10 — Trust property, vesting of in new or continuing trustees11 — Corporation may act as trustee in some cases12 — Renouncing probate etc., effect of13 — Trustee corporation obtaining probate etc., effect of14 — Advisory trustees, appointment and functions of15 — Custodian trustees, appointment and functions ofPart III — Investments16 — Application of Part17 — Trust funds, investment of18 — Investment power of trustees, exercise of19 — Investment power of trustees, rules of law and equity apply20 — Investment by trustee, matters to be considered21 — Company shares etc. held in trust, trustees’ powers as to22 — Choses in action under RITS system, presumptions as to23 — Calls on shares, trustees’ powers as to24 — Residence for beneficiary, power to invest in etc.25 — Retained authorised investments, no liability for26 — Loans secured against property, trustees’ liability for26A — Improper loans, trustees’ limited liability for26B — Breach of trust as to investments, factors to be considered by Court26C — Breach of trust as to investments, Court may set off losses against gains26D — Housing loans, trustees’ liability for26E — Authorised trustee investments, meaning ofPart IV — General powers of trustees27 — Property, powers to sell, lease, exchange, etc.28 — Trust or power to sell property, duration of28A — Option to purchase land, trustees’ liability for grant of29 — Rule against perpetuities, application of30 — Property, miscellaneous powers as to31 — Trust or power to sell, ancillary powers to32 — Depreciatory conditions of sale, effect of33 — Land may be sold and proceeds secured by mortgage34 — Property may be sold on terms of deferred payment35 — Onerous leases or property may be surrendered36 — Leases may be renewed37 — Equity of redemption may be purchased instead of foreclosing38 — Property may be sold after right of redemption barred39 — Equity of redemption may be released in discharge of mortgage debt40 — Trustee as mortgagee in possession, application of income by41 — Receipts may be given42 — Property, debts, etc., miscellaneous powers as to43 — Capital money may be raised by sale, mortgage, etc. of trust property44 — Purchasers etc. dealing with trustees, protection for45 — Trustees dying, devolution of powers or trusts46 — Insuring trust property47 — Insurance money, application of48 — Trust’s documents may be put in safe custody49 — Reversionary interests, powers…

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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.