New South Wales Consolidated Acts

METHODIST CHURCH OF SAMOA IN AUSTRALIA PROPERTY TRUST ACT 1998 - SCHEDULE 1

SCHEDULE 1 – Savings and transitional provisions

(Section 25)

1 Definition

In this Schedule,
"former trustee" means a corporation or any other person in whom, immediately before the appointed day, property was vested in trust for the Church.

2 Provisions relating to property vested in Trust under section 15

On and from the appointed day, the following provisions have effect in relation to property vested in the Trust in accordance with section 15:

(a) the rights and liabilities of a former trustee become rights and liabilities of the Trust to be exercised and discharged in accordance with this Act,

(b) the obligations of a former trustee become obligations of the Trust to be performed in accordance with this Act,

(c) proceedings before a court or tribunal by or against a former trustee that, immediately before the appointed day, were pending or in the course of being heard become proceedings by or against the Trust,

(d) to the extent to which an act, matter or thing done or omitted to be done on behalf of a former trustee had any force or effect immediately before the appointed day, it becomes an act, matter or thing done or omitted to be done by the Trust,

(e) a reference in any document to a former trustee becomes a reference to the Trust,

(f) time that had commenced to run in relation to a former trustee becomes time that had commenced to run in relation to the Trust.