Western Australian Current Acts

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PROPERTY LAW ACT 1969 - SECT 113

113 .         Accumulations of income

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

        (2)         Nothing in this section affects the right of any person or persons to terminate an accumulation that is for his or their benefit or any jurisdiction or power of the Court to maintain or advance out of accumulations or any powers of a trustee under Part V of the Trustees Act 1962 .

        (3)         For the avoidance of doubt, it is hereby declared that this section has effect only as provided by section 99.



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