Northcote Trust Fund Act 1975

The provisions made by the Will of the testatrix with respect to the appointment retirement and discharge of Australian trustees shall no longer apply in or in relation to the appointment retirement or discharge of Australian trustees as trustees for the property or the proceeds of the sale of the property referred to in this Act.

The provisions of Part III of the Trustee Act 1958 shall apply with respect to the appointment retirement and discharge of the Australian trustees in and in relation to the appointment retirement or discharge of Australian trustees as trustees for the property or the proceeds of the sale of the property referred to in this Act with the following modifications-

there shall be not less than four nor more than seven Australian trustees;

the power of appointing new trustees shall be vested in the surviving or continuing Australian trustees or the personal representative of the last surviving or continuing Australian trustee.