Commonwealth Consolidated Acts

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CORPORATIONS ACT 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:

  (a)   has ceased to exist; or

  (b)   has not been validly appointed; or

  (c)   cannot be a trustee under section   283AC; or

  (d)   has failed or refused to act as trustee.



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