Northern Territory Consolidated Acts

THE TRUSTEE ACT 1893 AND SHALL COME INTO OPERATION ON A DAY TO BE FIXED BY THE GOVERNOR, - SECT 10B

A trustee is not liable for breach of trust by reason only of continuing to hold an investment that has ceased to be:

        (a)     an investment authorised by the instrument creating the trust;

        (b)     an investment properly made by the trustee exercising a power of investment;

        (c)     an investment made under this Part as previously in force from time to time; or

        (d)     an investment authorised by any other Act or the general law.