Section 283AD — Corporations Act 2001 (Cth)

Existing trustee continues to act until new trustee takes office

An existing trustee continues to act as the trustee until a new trustee is appointed and has taken office as trustee, despite any rule of law or equity to the contrary.

Note: This section applies even if the existing trustee resigns.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 283AA — Requirement for trust deed and trustee
s 283AB — Trust deed
s 283AC — Who can be a trustee
s 283AE — Replacement of trustee
s 283BA — Duties of borrower
s 283BB — General duties

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