Commissioner may give directions to acting trustee
426-160 Commissioner may give directions to acting trustee
The Commissioner may give the acting trustee a written notice directing the acting trustee to do, or not to do, one or more specified acts or things in relation to the *ancillary or community charity trust fund.
The acting trustee commits an offence if:
the acting trustee engages in conduct (within the meaning of subsection 2(1) of this Act); and
that engagement in conduct contravenes a notice given to the acting trustee under subsection (1).
Penalty: 100 penalty units.
This section does not affect the validity of a transaction entered into in contravention of a notice given under subsection (1).
This Act’s bill:Second reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.