A claim under the Queensland statutory building insurance policy made by a registered owner who holds land on trust is arguably trust property that vests in a successor trustee under s 15(1) of the Trusts Act 1973 (Qld) without requiring assignment, notwithstanding that the claim may not be assignable. Non-assignability is not necessarily an essential characteristic of property. However, these propositions were stated in obiter and did not form part of the ratio. On the procedural question, a matter excluded by an adverse ruling during a tribunal hearing cannot be revived by a single sentence in written submissions without an application to reconsider the ruling.
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