Northern Territory Consolidated Acts Northern Territory Consolidated Acts21. Provisions applicable in relation to trusts
(1) Where, immediately before the registration of a units plan, the proprietor held the parcel as trustee, that person shall, upon the registration of the units plan, hold the units defined in the units plan in trust for the persons for whom, and the purposes for which, the parcel was so held.
(2) Where, immediately before the registration of an order for the cancellation of a units plan, the proprietor of a unit held the unit as trustee, that person shall, upon the registration of the order, hold the share in the estate, or the whole estate, as the case may be, of which he becomes possessed under section 96 of the Unit Titles Act in trust for the persons for whom, and the purposes for which, the unit was so held.