New South Wales Consolidated Acts

NSW TRUSTEE AND GUARDIAN ACT 2009 - SECT 13

13 Refusal of appointment as trustee or manager

(cf PT Act, s 12 (3) and (4))

(1) The NSW Trustee may refuse to act in a trust capacity or may accept subject to conditions. However, the NSW Trustee must not refuse merely on the ground of the small value of the trust property or estate concerned.

(2) The NSW Trustee must not accept--

(a) any trust under a deed of arrangement for the benefit of creditors, or

(b) any trust exclusively for religious purposes, or

(c) any trust or trust capacity, if the instrument that creates the trust or duty concerned prohibits the appointment of the NSW Trustee.