Queensland Consolidated Acts
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PROPERTY LAW ACT 1974 - SECT 221
Non-charitable purpose trusts
221 Non-charitable purpose trusts
(1) Except as provided in subsection (2) nothing in this Act shall affect the
operation of the rule of law rendering non-charitable purpose trusts and
trusts for the benefit of corporations which are not charities void for
remoteness in cases where the trust property may be applied for the purposes
of the trusts after the end of the perpetuity period.
(2) If any such trust
is not otherwise void sections 209 and 210 shall apply to it and the property
subject to the trust may be applied for the purposes of the trust during the
perpetuity period but not afterwards.
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