Queensland Consolidated Acts

PROPERTY LAW ACT 1974 - SECT 221

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.