National Trust Fund Act 2026 · Updated to 15 Sep 2026 · Part VI · Repeal, Saving and Transitional
40. Transfer of assets and properties
Feedback & supportSubject to this Act and any direction of the Minister, all assets and other properties whatsoever, rights and liabilities to which the National Trust Fund Panel was entitled or subject to, which, immediately before the date of the coming into operation of this Act, were vested in the National Trust Fund Panel or in any person on behalf of the National Trust Fund Panel shall, on the date of the coming into operation of this Act, vest in the
Minister
“Minister” means the Minister charged with the responsibility for finance;
National Trust Fund (Incorporated).
National Trust Fund (Incorporated)
“National Trust Fund (Incorporated)” means the National Trust Fund (Incorporated) established under section 8;
Every chose in action vested in the National Trust Fund
(Incorporated) by virtue of subsection (1) may, on and after the date of the coming into operation of this Act, be sued on, recovered or enforced by the National Trust Fund (Incorporated)
in its own name and it shall not be necessary for the National
Trust Fund (Incorporated) to give notice to the person bound by the chose in action of the vesting effected by that subsection.
National Trust Fund 25
Every right and liability vested in the National Trust Fund
(Incorporated) by virtue of subsection (1) may, on and after the date of the coming into operation of this Act, be sued on, recovered or enforced by or against the National Trust Fund (Incorporated) in its own name and it shall not be necessary for the National Trust
Fund (Incorporated) to give notice to the person whose right or liability is affected by the vesting effected by that subsection.