Queensland Consolidated Acts

PROPERTY LAW ACT 1974 - SECT 32

32 Restriction on executory limitations

(1) Where there is a person entitled to—

(a) land, or an equitable interest in land, for an estate in fee simple or for any less estate or interest; or

(b) any other property, or an interest in any other property;

with an executory limitation over on default or failure of all or any of the person’s issue, whether within or at any specified period of time or not, that executory limitation shall be or become void and incapable of taking effect if, and as soon as, there is living any issue who has attained full age and capacity of the class on default or failure of which the limitation over was to take effect.

(2) This section applies where the executory limitation is contained in an instrument coming into operation after the commencement of this Act.