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In force2020 Revised Edition
Contents

Part 3 · Trustee‑Manager

19. Resignation of trustee‑manager

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(1)

The trustee‑manager of a registered business trust may resign from its position as trustee‑manager only in accordance with such requirements and in such manner as the Authority may prescribe.

(2)

The trustee‑manager of a registered business trust must, until its resignation in accordance with subsection (1) becomes effective, continue to observe, and be liable for the failure to observe, the duties and responsibilities assigned to it under this Act and the trust deed of the registered business trust.

(3)

Any trustee‑manager of a registered business trust which contravenes subsection (1) shall be guilty of an offence.

Report

Part 4

Trust Deed

Part 5

Unitholders

Part 6

Liability and Take-Overs

Part 7

Winding Up of Registered Business Trust

Part 8

Deregistration

Part 9

Management and Administration

Part 10

Accounts, Audit and Disclosure

Part 11

Appeals

Part 12

Miscellaneous

Schedules