Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 283BD

Duty to replace trustee

The borrower must take all reasonable steps to replace the trustee under section 283AE as soon as practicable after the borrower becomes aware that the trustee:

has ceased to exist; or

has not been validly appointed; or

cannot be a trustee under section 283AC; or

has failed or refused to act as trustee.

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