New South Wales Consolidated Acts

TRUSTEE COMPANIES ACT 1964 - SECT 36

36 Provisions continued in force

(1) The provisions set out in the Second Schedule under the short headings comprising the names of the trustee companies shall be and remain in force with respect to the respective trustee companies named in such short headings notwithstanding the repeal of the Acts mentioned in the First Schedule, and notwithstanding any alteration which may be made in the articles of association of the trustee company so named.

(2) The minimum issued capital requirement for Perpetual Limited set out in the Second Schedule under the heading “Perpetual Limited” is declared to be an excluded matter for the purposes of section 5F of the Corporations Act 2001 of the Commonwealth in relation to the provisions of section 254N of that Act.

(3) The provisions set out in the Second Schedule under the heading “Perpetual Limited” have effect despite any special resolution passed by the Company or anything contained in the constitution of the Company.