Victorian Consolidated Legislation

Trustee Companies Act 1984 - SECT 53

Act not to preclude other companies from applying for similar powers

53. Act not to preclude other companies from applying for similar powers

Nothing in this Act contained shall be deemed to give to a trustee company any
locus standi to oppose the granting of any similar powers to those conferred
upon certain companies by this Act to any other company or to corporations
generally, or to claim or to seek compensation in consequence of such powers
being conferred upon any other company or upon corporations generally.