New South Wales Consolidated Acts

BURNS PHILP TRUSTEE COMPANY LIMITED ACT 1990 - SECT 15

15 Trust property unable to be transferred

(1) Burns Philp and the new Trustee are to do everything necessary to vest in the new Trustee any property held by Burns Philp in the capacity of trustee if that property cannot be vested in the new Trustee under this Act (for example, because the vesting of the property is not governed by the laws of New South Wales).

(2) This section does not apply in relation to:

(a) excluded property referred to in section 7, or

(b) investment funds referred to in section 8.