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PERPETUITIES ACT 1984 - SECT 18
Accumulation of income
18 Accumulation of income
(1) Where property is disposed of in such a manner that the income of the
property may be or is directed to be accumulated wholly or in part, the power
or direction to accumulate that income is valid if the disposition of the
accumulated income is, or may be, valid, but not otherwise.
(2) This section
does not affect the power of any person to terminate an accumulation that is
for the person's benefit, or any jurisdiction or power of a court to maintain
or advance out of accumulations, or any power of a trustee under the Trustee
Act 1925 , or under any other Act or law or under any settlement.
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