New South Wales Consolidated Acts

PERPETUITIES ACT 1984 - SECT 7

7 The perpetuity period

(1) For the purposes of the rule against perpetuities, the perpetuity period applicable to an interest created by a settlement shall be 80 years from the date on which the settlement takes effect.

(2) Where an appointment of an interest is made under a special power of appointment, the perpetuity period shall be reckoned from the date on which the settlement creating the power takes effect.