Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_260fb
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 260FB
Character Range: 125555–126116

260FB  Trust deed

  The trust deed must provide that the following are held in trust by the trustee for the benefit of the debenture holders:
 (a) the right to enforce the borrower's duty to repay
 (b) any charge or security for repayment
 (c) the right to enforce any other duties that the borrower and any guarantor have under:
 (i) the terms of the debentures; or
 (ii) the provisions of the trust deed or this Chapter.

Note: For information about the duties that the borrower and any guarantor body have under this Chapter, see sections 260GB to 260HE.