Queensland Consolidated Acts

PROPERTY LAW ACT 1974 - SECT 222

222 Accumulation of income

(1) Where property is settled or disposed of in such manner that the income of the property may be or is directed to be accumulated wholly or in part the power or direction to accumulate that income shall be valid if the disposition of the accumulated income is or may be valid but not otherwise.

(2) Nothing in this section shall affect the power of any person or persons to terminate an accumulation that is for his or her benefit or any jurisdiction or power of the court to maintain or advance out of accumulations or any power of a trustee under the Trusts Act 1973 or under any other Act or law or under any instrument creating a trust or making a disposition.