Victorian Current Acts Victorian Current Acts(1) Where property is settled or disposed of in such manner that the income thereof 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 and any jurisdiction or power of the Court to maintain or advance out of accumulations or any power of a trustee under the Trustee Act 1958 or under any other Act or law or under any instrument creating a trust or making a disposition.
Heading preceding s. 20 repealed by No. 21/2015 s. 3(Sch. 1 item 38).
S. 20 repealed by No. 28/2007 s. 3(Sch. item 51).
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