Victorian Current Acts

PROPERTY LAW ACT 1958 - SECT 248

In this Part unless inconsistent with the context or subject-matter—

"bankrupt" includes insolvent ; "bankruptcy" includes insolvency and trustee includes an assignee official receiver or other person having in the bankruptcy the powers of trustee;

"estate" includes an estate in equity as well as at law and any interest charge right title lien or incumbrance either at law or in equity and whether present or vested or future or contingent in upon or affecting land and any interest charge lien or incumbrance in upon or affecting money subject to be invested in the purchase of land;

"estate tail" includes a base fee into which an estate tail has been converted;

land includes messuages lands tenements rents and hereditaments whether corporeal or incorporeal and any undivided share thereof;

money subject to be invested in the purchase of land includes money whether raised or to   be raised and whether the amount thereof is or is not ascertained; and extends to Government and real and other securities the produce of which is directed to be invested in the purchase of land;

"tenant in tail" includes a person who where an estate tail has been barred and converted into a base fee would have been tenant of such estate tail if the same had not been barred.

And every assurance already made or hereafter to   be made whether by deed will settlement or otherwise by which land is entailed or agreed or   directed to be entailed shall be deemed a settlement; and every appointment made in exercise of any power contained in any settlement or of any other power arising out of the power contained in any settlement shall be considered as   part of such settlement; and the estate created by such appointment shall be considered as having been created by such settlement; and where any such settlement is made by will the time of the death of the testator shall be considered the time when such settlement was made.

No. 3754 s. 248.