Document ID: chunk:federal_register_of_legislation:C2010C00306:clause:3_1
Version: federal_register_of_legislation:C2010C00306
Segment Type: clause
Provision Reference: sch 3 cl 1
Character Range: 101597–103073

1  Subsection 56(4)
Repeal the subsection, substitute:

Other matters relating to the trust to be dealt with by regulation

 (4) The regulations may also make provision in respect of:
 (a) the following matters relating to the holding in trust of the native title rights and interests:
 (i) the functions to be performed by the body corporate;
 (ii) the nature of any consultation with, or other role for, the common law holders;
 (iii) the circumstances in which the rights and interests may be surrendered, transferred or otherwise dealt with;
 (iv) the determination of any other matter by the Federal Court;
 (v) any other matter; and
 (b) the replacement of the trustee where the common law holders wish the trustee to be replaced; and
 (c) the determination by the Federal Court of a prescribed body corporate to replace the trustee, and any other matter in relation to the replacement of the trustee; and
 (d) the termination of the trust where:
 (i) the common law holders wish the trust to be terminated; or
 (ii) a liquidator is appointed for the body corporate; and
 (e) the determination by the Federal Court of a prescribed body corporate to perform the functions mentioned in subsection 57(3) once the trust is terminated; and
 (f) any matter in relation to the termination of the trust, the performance of those functions and the transition from the trust arrangement to the new arrangement, including the determination of those matters by the Federal Court.