War Service Land Settlement Act 1950

A trustee shall not be deemed to be or to have been guilty of any breach of trust or breach of duty by reason only of the fact that –

he has, before the commencement of this Act, agreed not to claim compensation in respect of land resumed from him under the Lands Resumption Act 1910, purportedly for the purposes of the Commonwealth and State War Service Land Settlement Agreement Act 1945, in excess of the amount offered by the Crown;

he has, before the commencement of this Act, agreed to accept and has accepted as the purchase price for any land purchased from him under the Lands Resumption Act 1910, purportedly for the purposes of the Commonwealth and State War Service Land Settlement Agreement Act 1945, the amount offered by the Crown.

In this section trustee includes personal representative of a deceased person, committee of the estate of a lunatic or idiot, the quasi-committee under section one hundred and fifty-five of the Supreme Court Civil Procedure Act 1932 of the estate of any person, committee appointed under the Mental Health Act 1963, administrator of a convict's property, judge and Registrar of the Supreme Court, tenant for life under the Settled Land Act 1884, person with the powers of a tenant for life under that Act, attorney, mortgagee, director of a company, and any other person acting in any fiduciary capacity.