Document ID: chunk:federal_register_of_legislation:C2024C00631:section:86
Version: federal_register_of_legislation:C2024C00631
Segment Type: section
Provision Reference: s 86
Character Range: 139573–140581

86  Principal contact of a trust
 (1) This section applies where a trust has 2 or more trustees.
 (2) A notice, signed by all the trustees of a trust, may be lodged with ASIC, nominating a person as the principal contact for the trustees for the purposes of this Act or the Transitional Act.
 (3) If a person is nominated as the principal contact for the trustees of a trust for the purposes of this Act or the Transitional Act, that person is taken to be the agent of the trustees in relation to the trust for the purposes of that Act, until the nomination is withdrawn.
 (4) Subsection (3) is not affected by a change in the trustees of the trust.
 (5) A notice, signed by all the trustees of a trust, may be lodged with ASIC, withdrawing the nomination of a person as principal contact for the trustees in relation to the trust, for the purposes of this Act or the Transitional Act.
 (6) A notice under this section:
 (a) must be in the prescribed form; and
 (b) must be lodged in the prescribed manner.