Part continues to apply if corpus exceeds initial limits

In force

If the Attorney-General, under section 7H, has approved the application of this Part to trustees in respect of property given for charitable purposes which is eligible property at the time of that approval, this Part continues to apply despite the total value of the corpus of that property subsequently exceeding the relevant amount specified in the definition of eligible property.

Pt 1B (Heading and ss 7J–7M) inserted by No. 73/2006 s. 3.

Part IB—Charitable trusts

S. 7J inserted by No. 73/2006 s. 3.

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7I Part continues to apply if corpus exceeds initial limits