TRUSTEE ACT 1925 - SECT 90A
Power of Court to set off gains and losses arising from investment
TRUSTEE ACT 1925 - SECT 90A
Power of Court to set off gains and losses arising from investment
90A Power of Court to set off gains and losses arising from investment
(1) The Court may, when considering an action for breach of trust arising out
of or in respect of an investment by a trustee where a loss has been or is
expected to be sustained by the trust, set off all or part of the loss
resulting from that investment against all or part of the gain resulting from
any other investment whether in breach of trust or not.
(2) The power of set
off conferred by subsection (1) is in addition to any other power or
entitlement to set off all or part of any loss against any property.
