Document ID: chunk:federal_register_of_legislation:C2025C00157:section:92
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 92
Character Range: 360726–361542

92  Appointment of judicial trustee
 (1) If the Federal Court orders the judicial trusteeship of a designated security trust fund, the court must, by its order:
 (a) if there is already a trustee of the fund—remove the trustee of the fund; and
 (b) appoint an individual as the trustee of the fund while the fund remains under judicial trusteeship.
The appointee is called the judicial trustee.
 (2) The Court may at any time cancel the appointment of a judicial trustee and appoint another individual as judicial trustee.
 (3) This Act does not prevent the Federal Court from appointing the same individual to be the judicial trustee of 2 or more security trust funds.
 (4) Only an individual who is a registered liquidator (within the meaning of the Corporations Act 2001) may be appointed as a judicial trustee.