s 71
In forceTransfers to trustee of security trust fund—presumption of regularity
Part VIILloyd’s
Division 2Security trust fund arrangements
71 Transfers to trustee of security trust fund—presumption of regularity
If:
(a)
money or property is transferred to a person in the capacity of trustee of a particular designated security trust fund; and
(b)
the transfer is for the purposes of this Division;
the money or property is taken to have been transferred to the person to be held on trust in accordance with the terms of the fund’s trust deed, irrespective of:
(c)
the intention of the transferor; or
(d)
the authority or capacity of the transferor.
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