2. Application of Act

This Act, except where otherwise expressly provided, applies to trusts including, so far as this Act applies to them, executorships and administratorships constituted or created either before, on or after 1 September 1929.

The powers conferred by this Act on trustees are in addition to the powers conferred by the instrument (if any) creating the trust, but those powers, unless otherwise stated, apply if and so far only as a contrary intention is not expressed in the instrument (if any) creating the trust, and have effect subject to the terms of that instrument.

This Act does not affect the legality or validity of anything done before 1 September 1929, except as otherwise expressly provided.