Business Trusts Act 2004 · 2020 Revised Edition · Part 3 · Trustee‑Manager
22. Temporary trustee‑manager to take steps for appointment of new trustee‑manager
Feedback & supportThe temporary trustee‑manager of a registered business trust must, within such time and in accordance with such requirements as may be prescribed by the Authority, take such steps to enable the unitholders of the registered business trust to appoint another person as the trustee‑manager (not being a temporary trustee‑manager) of the registered business trust.
temporary trustee‑manager
“temporary trustee‑manager” means a company that has been appointed as the temporary trustee‑manager of a registered business trust under section 21;
Any temporary trustee‑manager of a registered business trust which contravenes subsection (1) shall be guilty of an offence.
registered business trust
“registered business trust” means a business trust that is registered by the Authority under section 4(1);