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\qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 \fs20\lang1033\langfe5129\cgrid\langnp1033\langfenp5129 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 COOK ISLANDS}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid469856 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid8662949 INTERNATIONAL TRUSTS ACT}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid9127935  }{
\b\fs24\lang2057\langfe5129\langnp2057\insrsid469856\charrsid2179896 1984
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ANALYSIS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par Title
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 PART I
\par PRELIMINARY
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par 1. Short Title
\par 2. Interpretation
\par 3. Saving of existing laws
\par 4. Registrar and Deputy Registrar
\par 5. Application of this Act
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 PART II
\par MODIFICATION OF THE LAWS APPLICABLE}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid5520851 
\par }{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 TO INTERNATIONAL TRUSTS}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par 6. Pow}{\fs24\lang2057\langfe5129\langnp2057\insrsid12796483 er to specify perpetuity period}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 7. Necessity to wait and see
\par 8. Abolition of the rule against double possibilities
\par 9. Abolition of the rule against accumulations
\par 10. Application of the rule in }{\i\fs24\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid9127935 Saunders v Vautier}{\fs24\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 
\par 11. Presumpt}{\fs24\lang2057\langfe5129\langnp2057\insrsid5520851 ion against avoidance of trusts}{\fs24\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 
\par 12. Charitable and Purpose Trusts
\par 13. Investments
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 PART III
\par REGISTRATION OF TRUSTS}{\fs24\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 
\par 14. Application for registration
\par 15. Registration
\par 16. Annual certificates of registration
\par 17. Registration of trust instrument
\par 18. Registered office
\par 19. Proceedings by or against international trusts
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 PART IV
\par APPLICATION OF OTHER ACTS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 
\par 20. Interpretation
\par 21. Application of other Acts to international trusts
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 PART V
\par MISCELLAN}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3176771 E}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 OUS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 
\par 22. Resident beneficiaries
\par 23. Secrecy
\par 24. Translations
\par 25. No action to lie against certain person
\par 26. Power of Exemption
\par 27. Prohibitions by Minister
\par 28. Penalties
\par 29. Regulations
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1851633 {\fs24\lang2057\langfe5129\langnp2057\insrsid12796483 ---------------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid1851633\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid11428444\charrsid14381665 1984, No. 14
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid16013997\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 An Act}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16013997\charrsid14381665 
 to provide for International Trusts}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid16013997 
\par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3176771\charrsid14381665 (27 December 1984
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3176771\charrsid14381665 
\par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 BE IT ENACTED}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  by the Parliament of the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16013997\charrsid14381665  Cook Islands in Session }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 assembled, and the authority of the same, as follows:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16013997\charrsid14381665 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16013997\charrsid14381665 PART I
\par PRELIMINARY
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid16013997\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 1. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Short Title}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 - (1) This Act may be cited}{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 as the International Trusts Act 1984.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 
\par 2. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 Interpretation}{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665  In this Act, unless the context otherwise }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 requires}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 :}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Court}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  means the High}{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665  Court of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid2841508 the }{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 Cook Islands;}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Disposition}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  includes}{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665  the disposal of an interest in or}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  right over property by }{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 the exercise of a }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 power of }{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 appointment, power of }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
maintenance}{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 , power}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 
of advancement or other }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 authority and includes the }{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 co}{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 n}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 ferring of such powers or }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 authority;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665 Foreign Company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10431911\charrsid14381665  means }{\fs24\lang2057\langfe5129\langnp2057\insrsid14174137\charrsid14381665 a foreign company under the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 International Companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid3176771  Act 1981}{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14174137\charrsid14381665 82;}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14174137\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Instrument}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  means any deed, will, }{\fs24\lang2057\langfe5129\langnp2057\insrsid14174137\charrsid14381665 
codicil or document giving effect to a }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 disposition;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14174137\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 International}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14174137\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Trust}{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  means a}{\fs24\lang2057\langfe5129\langnp2057\insrsid14174137\charrsid14381665  trust or disposition which is registered }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 under this Act and in respect of which:
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\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid2315539\charrsid14381665 (a) at least one of the trustees, donors or holders of th
e power of appointment or power of maintenance or power of advancement is either:
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid2315539\charrsid14381665 
\par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 (i) a registered foreign company; or}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 
\par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 (ii) a international company; or
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 
\par }\pard \ql \li2160\ri0\widctlpar\faauto\adjustright\rin0\lin2160\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 (iii) a trustee company; and
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 (b) the beneficiaries are at all times non-resident;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 Minister}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665  means the Minister of Finance;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 Monetary Board}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665  means the Cook Islands Monetary Board established under the Cook Islands Monetary Board Act 1981;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 Non Resident}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665  means:
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 (a) an individual not domiciled in the Cook Islands;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 (b) an individual not ordinarily resident in the Cook Islands;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 (c) an international company;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 (d) a foreign company
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 (e) a trustee company; or
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4921284\charrsid14381665 (f) a subsidiary of a trustee company being either an international company or a foreign company;

\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid5139955\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Power of Appointment}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  includes a discret}{\fs24\lang2057\langfe5129\langnp2057\insrsid12730715\charrsid14381665 ionary power transfer, grant or }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 create a beneficial interest in prope}{\fs24\lang2057\langfe5129\langnp2057\insrsid12730715\charrsid14381665 rty, }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 with or without the furnishing of valuable consideration }{\fs24\lang2057\langfe5129\langnp2057\insrsid2841508 by }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 the beneficiary of the po}{\fs24\lang2057\langfe5129\langnp2057\insrsid12730715\charrsid14381665 wer, including a power, the exer}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 cise of which is subject to the consent of a third party}{\fs24\lang2057\langfe5129\langnp2057\insrsid12730715\charrsid14381665 ;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid12730715\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Prescribed}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  means prescribed by regulation or in the ab}{\fs24\lang2057\langfe5129\langnp2057\insrsid12730715\charrsid14381665 sence}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  of such regulation as may be determined by the Registrar}{\fs24\lang2057\langfe5129\langnp2057\insrsid12730715\charrsid14381665 ;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid12730715\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Property}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  includes an estate or interest in real or per}{\fs24\lang2057\langfe5129\langnp2057\insrsid2841508 sonal}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  property and includes any thing in action;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid12730715\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Registrar}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  means the Registrar of International Trust a}{\fs24\lang2057\langfe5129\langnp2057\insrsid2841508 nd}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  includes a Deputy Registrar;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Registrar Foreign Company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  means a foreign company regi}{\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 stered}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  pursuant to Part X of the International Companies Act 19}{\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 81-82;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 Trust}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665  includes all trusts, settlements, dispositions of }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  in relation to property, powers in the nature of trusts }{\fs24\lang2057\langfe5129\langnp2057\insrsid2841508 
or }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 coupled with a trust and powers of appointment including }{\fs24\lang2057\langfe5129\langnp2057\insrsid2841508 a }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 general power, whether testamentary or created inter}{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 vivo}
{\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  and the expressions }{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 trust}{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  and }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 trustee}{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  shall extend t}{\fs24\lang2057\langfe5129\langnp2057\insrsid2841508 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  r
esulting, implied and constructive trusts, and to cases where the trustee has a beneficial interest in the trust property and to the duties incident to the office of per}{\fs24\lang2057\langfe5129\langnp2057\insrsid2841508 sonal}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  representative; and }{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 trustee}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  where the context admits, that personal representative and the donor or holder of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid2841508  a power,}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  including a general power of appointment;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Trustee Company}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  means a company registered as a trustee company under the provisions of the Trustee Companies Act 1981-82.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 3}{\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Saving of existing laws}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  - The laws applicable to trusts i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 n force in the Cook I}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 slands immediately prior to the commenceme}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 nt of}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  this Act shall continue in force and shall apply to internati}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 onal}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  trusts except in so far as }{\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 
they are inconsistent w}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ith}{\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
or have been modified by the provisions of this Act.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 4. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Registrar and Deputy Registra}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 r}
{\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 - (1) The Registrar of International and Foreign Companies appointed pursuant to sec}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4457371\charrsid14381665 tion }{\fs24\lang2057\langfe5129\langnp2057\insrsid4987266\charrsid14381665 8}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 of the International Companies Act 1981-82 shall be the Regis}{\fs24\lang2057\langfe5129\langnp2057\insrsid4987266\charrsid14381665 trar}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  of International Trusts.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4987266\charrsid14381665 
\par (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 A Deputy Registrar of International and Foreign Companies and any officer appointed pursuant to section 8 of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid4987266\charrsid14381665 the International }{\fs24\lang2057\langfe5129\langnp2057\insrsid12796483 Companies Act 1981}{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 -}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4871663\charrsid14381665 82 shall be a }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Deputy Registr}{\fs24\lang2057\langfe5129\langnp2057\insrsid4871663\charrsid14381665 
ar of International Trust, or officers as the case}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  may be for th}{\fs24\lang2057\langfe5129\langnp2057\insrsid4871663\charrsid14381665 e purposes of this Act.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4871663\charrsid14381665 
\par (3) Anything authorised or required to be done by the Registrar under this Act may be authorised or done by a Deputy Registrar.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665  All courts, judges and persons }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 acting judicially shall take judicial notice of the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 seal and also the signature the Registrar and any Deputy Registrar.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 5. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Application of }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 t}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 his Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  - (1) Unless the context otherwis}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  requires the provisions of this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 shall apply to:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 internat}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 onal}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 trusts;}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 and
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
all registered instruments whether they take}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665  effect }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 on, bef}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 re or after the commencement of this}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 
 Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par (2) A trust registered under this Act shall be a valid trust notwithstanding that it may be invalid according}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
to}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 law of}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 the settlor}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 s domicile}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665  or reside}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 nce}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 or place of cur}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ent inco}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 p}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ti}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 n.
\par 
\par (3) In determining the existence and validity of a trust registered under this Act the Court shall apply;
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (a) the provisions of this Act; and
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3102439 (b) any other law of the C}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ook }{
\fs24\lang2057\langfe5129\langnp2057\insrsid3102439 I}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 slands; and
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (c) any oth}{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 
er law, which would be applied;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 if to do so, would validate the trust.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 PART II
\par }{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 MOD}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 I}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 
FICATION OF THE LAWS APPLICABLE}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3176771 
\par }{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 T}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13266757\charrsid14381665 O INTERNATIONAL TRUSTS}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 

\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par 6. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Power to specify perpetuity period}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 - (1) For the purposes of this Act and notwithstanding any rule of law or statutor}{\fs24\lang2057\langfe5129\langnp2057\insrsid8721078\charrsid14381665 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 provision to the contrary, where the instrument by which an disposition is made or any trust is created so provides, th}{\fs24\lang2057\langfe5129\langnp2057\insrsid8721078\charrsid14381665 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  perpetuity period applicable to the disposition or trust un}{\fs24\lang2057\langfe5129\langnp2057\insrsid3102439 der}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  the rule against perpetuities, instead of being any other d}{\fs24\lang2057\langfe5129\langnp2057\insrsid8721078\charrsid14381665 uration}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  shall }{\fs24\lang2057\langfe5129\langnp2057\insrsid8721078\charrsid14381665 be}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 such period not exceeding one hundred years as may specified in the instrument as the perpetuity period applic}{\fs24\lang2057\langfe5129\langnp2057\insrsid8721078\charrsid14381665 able to}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  the disposition.
\par 
\par (2) Where a period is specified pursuant to subsection (1) of this section in an instrument creating a general or }{\fs24\lang2057\langfe5129\langnp2057\insrsid3102439 special }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
power of appointment that period shall apply in relation to}{\fs24\lang2057\langfe5129\langnp2057\insrsid5583304\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 any}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5583304\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 disposition made or trust created in exercise of that power.
\par 
\par 7. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Necessity to wait and see}{\fs24\lang2057\langfe5129\langnp2057\insrsid3102439  - (1) Where apart from the provisions }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 of this section, a disposition or trust would be invalid as infringing the rule against}{\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 
 perpetuities, the disposition or trusts }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 shall be treated until such t}{\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 ime (if any) as it becomes cert}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ain that the vesting must occur, if at all, after the end of the perpetuity period and thereafter for a further period of 21}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665  years }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 as if the disposition or trust were not invalid as infringin}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 g the}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  rule against perpetuities, and its becoming so certain shall }{
\fs24\lang2057\langfe5129\langnp2057\insrsid3102439 not }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 affect the validity of anything previously done in relation interest disposed of by way of advancement, application of
 intermediate income or otherwise.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5583304\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (2) Where apart from the provisions of this section, disposition consisting of the conferring of a general power appointment would be invalid as infringing the rule again}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 perpetuities the disposition shall be trea
ted, until such (if any) as it become certain that the power will not be exercisable within the perpetuity period and thereafter for}{\fs24\lang2057\langfe5129\langnp2057\insrsid3102439  a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  further period of 21 years, as if the disposition were not infringing the rule against perpetuities.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (3) Where apart from the provisions of this sectio}{\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 n}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 a dispo}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 sition consisting of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14240773  the conferring of any power option or other}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  right would be invalid as infringing the rule again}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 st}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 perpe}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 tuities, the disposition shall be treated as regards }{\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 any exerc}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ise of the right within a period of 100 years from t}{\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 
he date upon which the instrument creating the power option or other }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 right takes effect as if it were not so invalid and}{\fs24\lang2057\langfe5129\langnp2057\insrsid14240773 
 shall be}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  treated as invalid only if and so far as the power }{\fs24\lang2057\langfe5129\langnp2057\insrsid14240773 option or right }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 is not fully exercised within that period.
\par }\pard \qj \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 (8) }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 
Abolition of the rule against double possibilities}{\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Th}{\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 e ru}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 le}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 of law prohibiting the limitation, after a life interest of a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 n unborn }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 person, of an interest in land to the unborn child or other i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 sue or an unborn person is hereby abolished, but without prejudice t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid11151494\charrsid14381665 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  any other rule relating to perpetuities.
\par }\pard \qj \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 9. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
Abolition of the rule against accumulations}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  - (1) }{\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665 W}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 here property is settled or disposed of in such manner that the inc}{\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665 ome}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  thereof may or shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 be accumul}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665 ated wholly or in part the power}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  or direction t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665 o }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 accumulate that income shall be valid if the disposition of the accumulated income is or may be valid}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 but not otherwise.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665 2}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
) Nothing in this section shall affect the power}{\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 of any person to terminate an accumulation that if for that }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14240773\charrsid14381665 person\rquote s}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  benefit, or any jurisdiction or power of the Court to maintain}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
or advance out of accumulations, or any powers of a trustee under any Act or law or under any instrument creating a trust or mak}{\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665 i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ng a disposition.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (3) For the purposes of this Act the following enactments are repealed:
\par 
\par }\pard \qj \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665 (a) Sections 41 and 42 of the Property Law Act 1952;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665 
\par }\pard \qj \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665 (b) Sections 2 of the Property Law Amendment Act 1963.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid1572866\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (4) The enactments repealed by subsection (3) of this se}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 c}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 tion and the corr}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
sponding provisions of any former enactment, shal}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 be deemed in connection with the law applicable to international}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
trusts, never to have applied to any power to accumulate.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 10. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Application of the rule in Saunders v Vautier}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  - (1) Where a instrument contains an express provision to accumulate income}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
for a period, being a period not in excess of the maximum perpetuity period permitted by this Act, the trustee may, in his absolute discretion, but subject to the express terms of the instrument, give effect to 
that direction as he thinks fit notwithstanding that a beneficiary being a charity or otherwise entitled to that accumulation shall request the trustee to immediately distribute }{\fs24\lang2057\langfe5129\langnp2057\insrsid12850385 the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 accumulation and will give a valid discharge to the truste}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  such distribution.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (2) Notwithstanding anything contained in any Act to th}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  contrary or any rule of law or equity, the power to vary the}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 terms of a trust or disposition so as to vary or remove the di}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ection to accumulate income of the tru}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 st or to modify or remove the di}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 scretion of the trustee to accumulate income shall have no application }{\fs24\lang2057\langfe5129\langnp2057\insrsid12850385 w}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 here subsection (1) of this section applies.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 11. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Presumption against avoidance of trusts}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  - (1) Unless a trust contains an express power of revocation it sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid12850385 all be deemed to be}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  irrevocable by}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
the settlor and his legal personal representati}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 v}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 es notwithstanding that it is voluntary.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (2) Notwithstanding any provision of the law of the settlor}{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 '}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 s domicile or place of ordinary residence or the current place of incorporation and notwithstandin
g further that the trust is voluntary and without valuable consideration being given for the same, or is made on or for the benefit of }{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 he spouse or childr}{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 n}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 of the settlor or any of them, an international trust shall no}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12850385 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  be void or voidable in the event of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid12850385\charrsid14381665 settler}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12850385 \rquote }{\fs24\lang2057\langfe5129\langnp2057\insrsid12850385\charrsid14381665 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  bankruptcy o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid12850385 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 liquidation or in any action or proceedings at the suit of creditors of the settlor unless it is proven to the satisfaction of the Court that the trust was made with the intent to defrau}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  creditors of the settlor.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6754259\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (3) For the purpose of this subsection the onus of proof of the settlor}{\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 '}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 s intent to defraud his creditors lies on those creditors.
\par 
\par 12. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Charitable and Purpose Trusts}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665  - (1) Notwithstanding an}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 y rule of law to the contrary an international trust shall be d}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 e}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 emed}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
to be charitable or for purposes which are charitable whe}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
e it is a trust substantially for one or more of the following objects or }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 purposes, namely:}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
for the relief of poverty;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 (b) for the advancement of education;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 (c) for the advancement of religion;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid12796483 {\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 (d) for other purposes beneficial to the community;
\par }\pard \qj \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 notwithstanding that the object or purposes, may not be of}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665  a }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 public nature or for the benefit of the public, but may be for the benefit of a section of the public or member
s of the public, or th}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 t it may also benefit privately one }{
\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 or more persons or objects or pe}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 rsons within a class of persons o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  is liable to be defeated whet}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 h}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 er by the exercise of a power of appointment or disposition or that the trustee has the power to defer the enjoyment}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665  of any char}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 ty or other beneficiaries o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665  the trust for any period not exceeding }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
the perpetui}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 ty period applying or }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 expressed to apply to the trust, and notwithsta}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 nding further that}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  the trust may be discretionary or contingent u}{
\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 pon the happening of}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  any event.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (2) Notwithstanding any rule of law or equity to the }{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 con}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 trary a trust settled or established by a non-resident of t}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 he}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  Coo}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665 k Islands shall not be void or v}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
oidable by virtue of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid15534214  fact that the}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
trust fund shall be held for a purpose or purposes, whe}{\fs24\lang2057\langfe5129\langnp2057\insrsid15534214 ther}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  charitable or not, provided }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15534214 that the trust must vest in natural }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 persons within the perpetuity period applying or expressed }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15534214 to apply to }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 the trust; and any trust so created shall be enforceable b}{\fs24\lang2057\langfe5129\langnp2057\insrsid15534214 y the
}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  settlor or his personal representatives or by the}{\fs24\lang2057\langfe5129\langnp2057\insrsid6947433\charrsid14381665  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 person or persons named in the instrument establishing the trust as th}{\fs24\lang2057\langfe5129\langnp2057\insrsid5862558\charrsid14381665 e person}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  or persons appointed to enforce the trust and the trust}{\fs24\lang2057\langfe5129\langnp2057\insrsid15534214  shall be}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  enforceable at the instance of the person or persons so name}{\fs24\lang2057\langfe5129\langnp2057\insrsid5862558\charrsid14381665 d}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid5862558\charrsid14381665 not}{\fs24\lang2057\langfe5129\langnp2057\insrsid15534214 withstanding that such}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  person or persons are not beneficiari}{\fs24\lang2057\langfe5129\langnp2057\insrsid5862558\charrsid14381665 es under}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  the trust.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5862558\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 13. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Investments}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 - (1) A trustee shall not invest any of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid15534214  trust}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  funds in his or its hands other than in securities, assets o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15534214 r property}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  authorized expressly or by necessary implication for the inv}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 estment}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  of the trust funds by and under the instrument by which the}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15534214  trust}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  is established or created.
\par 
\par (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 W}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 here the instrume}{\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 
nt by which the trust is create}{\fs24\lang2057\langfe5129\langnp2057\insrsid15534214 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665  or}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 established authorizes expressly or by necessary implication }{\fs24\lang2057\langfe5129\langnp2057\insrsid15534214 the }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 investment of the trust funds in any investments authorized b}
{\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 y law of the Cook I}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 slands for the investment of trust funds the instrument shall be deemed to }{
\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 authorize investment in such invest}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ments as may be expressed to be trustee investments by regula}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 tion}{\fs24\lang2057\langfe5129\langnp2057\insrsid15534214 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  made under this Act.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 P}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ART III
\par }{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 REGISTRATION OF TRUSTS}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 14. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Application for registration}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 - Application for registrati}{\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 on of}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  a trust as an international trust shall be made to the Regist}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 rar}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665 in }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 the prescribed form and accompanied by}{\fs24\lang2057\langfe5129\langnp2057\insrsid4413905\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
the prescribed fee.
\par 
\par 15. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Registration}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  - (1) No trust shall be registered as an internat}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3505653\charrsid14381665 ional}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  t}{\fs24\lang2057\langfe5129\langnp2057\insrsid3505653\charrsid14381665 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ust until there has been filed with the Registrar:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3505653\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (a) a certificate from a trustee company certifying}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3505653\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 that the trust upon registration will be an international trust; and
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3505653\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (b) a notice of the name and registered office of the trust.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3505653\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (2) Upon }{\fs24\lang2057\langfe5129\langnp2057\insrsid3505653\charrsid14381665 receipt}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 of a certificate and notice referred}{\fs24\lang2057\langfe5129\langnp2057\insrsid3505653\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
to in subsection (1) of this section the Registrar shall register that trust upon the Register of International Trusts kept for that purpose and issue a certificate of registration in the prescribed form.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3505653\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (3) A certificate of registration under the hand and seal of the Registrar shall be conclusi}{\fs24\lang2057\langfe5129\langnp2057\insrsid3505653\charrsid14381665 
ve evidence that all the require}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ments of this 
Act in respect of registration and other matters precedent and incidental thereto have been complied with and that the international trust}{\fs24\lang2057\langfe5129\langnp2057\insrsid3505653\charrsid14381665  referred to }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 therein was duly registered }{\fs24\lang2057\langfe5129\langnp2057\insrsid4796310\charrsid14381665 u}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 nd}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4796310\charrsid14381665 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 r this Act.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4796310\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 16. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Annual certificate of registration}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  - (1) A certificate of registratio}{\fs24\lang2057\langfe5129\langnp2057\insrsid3176771 n issued pursuant to section 15}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (2) shall be valid and effective for one year from the date of registration specified in that certificate.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3504427\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (2) Application for renewal of registration may be made upon:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3504427\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (a) Filing with the Registrar an application for renewal of registration in}{
\fs24\lang2057\langfe5129\sub\langnp2057\insrsid15949649\charrsid14381665 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 the prescribed form;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3504427\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (b) Payment of the prescribed fee.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3504427\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (3) Subject to section 26 of this Act, no application for renewal of registration pursuant to subsection (2) of this section shall be granted where the applica}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3504427\charrsid14381665 tion if filed or fee paid after}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  the date of expiry of the las}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3504427\charrsid14381665 t certificate of registration.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3504427\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (4) Every renewal of regist}{\fs24\lang2057\langfe5129\langnp2057\insrsid10377727\charrsid14381665 ration shall be for a period of }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 one year from the date of expiry of the last }{\fs24\lang2057\langfe5129\langnp2057\insrsid10377727\charrsid14381665 certificate of regis}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 tration.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10377727\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 17. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Registration of trust instrument}{\fs24\lang2057\langfe5129\langnp2057\insrsid15534214 
 - Any person who is a truste}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 e may provide the Registrar with a copy of the trust instrument or}{\fs24\lang2057\langfe5129\langnp2057\insrsid10377727\charrsid14381665  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 any amendment thereto which shall be certified in the m}{\fs24\lang2057\langfe5129\langnp2057\insrsid15534214 anner prescribed and the Registrar}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  shall register that copy as a true copy and fil}{\fs24\lang2057\langfe5129\langnp2057\insrsid10377727\charrsid14381665 e }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 the same.}{\fs24\lang2057\langfe5129\langnp2057\insrsid10377727\charrsid14381665 
\par 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 18. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 R}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10377727\charrsid14381665 eg}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 istered office}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  - (1) The registered office of an international trust shall be the registered 
office of the registered foreign company, international company or }{\fs24\lang2057\langfe5129\langnp2057\insrsid10377727\charrsid14381665 trustee company which is a trust}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ee.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10377727\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 (2) The address for service of any documents upon an international}{\fs24\lang2057\langfe5129\langnp2057\insrsid10377727\charrsid14381665  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 trust shall be the }{\fs24\lang2057\langfe5129\langnp2057\insrsid10377727\charrsid14381665 registered office of that trust}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 .
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10377727\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 (3) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Every international trust shall have its name displayed on the outside }{
\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 f its registered office in a }{\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 conspicuous}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  positio}{\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 n }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 and in letters easily legible.

\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 19}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  }{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 Proceedings by or against inte}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 rnational trust}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  - Where any proceedings are instituted by or against an international trust it shall be su}{\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 f}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 ficient to name the international company registe}{\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 red}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  foreign company or trustee company that }{\fs24\lang2057\langfe5129\langnp2057\insrsid1205190 is a trustee and it shall not b}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 e necessary to join in the action any other trustee.
\par }\pard \qj \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 PART IV
\par AP}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 PLICATION OF OTHER ACTS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 2}{\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 0. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Interpretation}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  - In th}{\fs24\lang2057\langfe5129\langnp2057\insrsid2188309 is part of this Act, unless the c}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
ontext otherwise requires,}{\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Enactment}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  means any Act of the Parliament of the Cook Islands}{\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 ,}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  Ordinance, Act of the Parliament of New Zealand in force }{\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 i}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 n the Cook Islands and any Proclamation, Order, Regulation }{\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 r Rule of any Island Council, Ordinance or By-law and includes any Act of the Parliament of England or the Parliament of Great Britain or the Parliament of the United Kingdom being}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 an Act in force in the Cook Islands, and any Regulations, Rule, Order, or other instrument made thereunder;

\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid5396133\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Foreign Currency}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  includes notes, coins, postal notes, money orders, bills of exchange, promissory notes, drafts, che}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5926681\charrsid14381665 ques}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 , negotiable instruments,
 letters of credit and travellers cheques payable or expressed other than in New Zealand currency, and also includes rights and instruments of title to New }{\fs24\lang2057\langfe5129\langnp2057\insrsid5926681\charrsid14381665 Z}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 eal}{\fs24\lang2057\langfe5129\langnp2057\insrsid5926681\charrsid14381665 an}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 d money;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid5926681\charrsid14381665 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 Securities}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14381665 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665  includes shares, stocks, bonds, debentures, debenture stock, treasury b
ills and notes, and units or sub-units of a unit trust, and also includes depos}{\fs24\lang2057\langfe5129\langnp2057\insrsid5926681\charrsid14381665 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 t recei}{
\fs24\lang2057\langfe5129\langnp2057\insrsid4721733 pts in respect of the deposit of}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 securities and documents of title or securities but does not include bills of exchange or promissory notes.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid5926681\charrsid14381665 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 21. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid5926681\charrsid14381665 Ap}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 plication of other Ac
ts to international trusts}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 
 - (1) Subject to subsections (2) and (3) of this section, no enactment, other than this Act, the Cook Islands Monetary Board Act 1981, the Offshore Banking Act 1981, the International Companies Act 1981-82 the Offshore Insurance Act 1981-8}{
\fs24\lang2057\langfe5129\langnp2057\insrsid5926681\charrsid14381665 2 and the Trustee Companies Ac}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid14381665 t 1981-82 shall:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 (a) imposes-}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (i) any liability, duty, responsibility, obligation or restriction; or
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (ii) any fee, impost, tax, }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
levy, dues, duty, or }{\fs24\lang2057\langfe5129\langnp2057\insrsid1991845 exercise}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 ; or
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (iii) any fine or penalty}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid3482475 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid4741421 on}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  an int}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 ernational trust or
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 (b) require-}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (i) the deposit of any moneys in any public account;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (ii) the filing of any accounts, returns, reports }{
\fs24\lang2057\langfe5129\langnp2057\insrsid1991845 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 r records; or
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (iii) the licensing or registration; }{\fs24\lang2057\langfe5129\langnp2057\insrsid4741421 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4741421 {\fs24\lang2057\langfe5129\langnp2057\insrsid4741421 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid4741421 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 by an international trust.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
\par (2) The restrictions impo}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 sed by regulation 5(1) of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 Cook Islands Exchange Control Regulations 1948 shall have no applic}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 tion in respect of}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 

\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid3482475 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (a) the taking or sending of any f}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 reign currency}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475  }{\fs24\lang2057\langfe5129\langnp2057\insrsid9919460 or securities out of the Cook I}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 slands by an international trust or by an office}{\fs24\lang2057\langfe5129\langnp2057\insrsid9919460 r or }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
employee }{\fs24\lang2057\langfe5129\langnp2057\insrsid9919460 of}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  an international trust for or on behalf of t}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 h}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 e trust other than -
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid1991845 (i) where the security is p}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1991845 yabl}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 e in New Zealand}{\fs24\lang2057\langfe5129\langnp2057\insrsid1991845  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 money and was not issued by an intern}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 ational}{\fs24\lang2057\langfe5129\langnp2057\insrsid1991845  company; or}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid1991845 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (ii) where the security or foreign currency is owned or controlled by a natural person o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid9919460 rdinarily resident in the Cook I}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 slands or a domestic company;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid1991845 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid1991845 {\fs24\lang2057\langfe5129\langnp2057\insrsid1991845 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 the transfer of the interest of any person
}{\fs24\lang2057\langfe5129\langnp2057\insrsid1537064  in }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 any security by an international trust or by an officer
 or employee of international trust for or on be of the trust, other than -
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid1537064 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid1537064 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (i) where the security is payable in New Zeala}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid1537064  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
money and was not issued by an international company; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1537064 {\fs24\lang2057\langfe5129\langnp2057\insrsid1537064\charrsid3482475 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid1537064 {\fs24\lang2057\langfe5129\langnp2057\insrsid1537064 (ii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
where such person is a natural person ordinarily}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 resident in the Cook Islands or a domestics company;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1537064 {\fs24\lang2057\langfe5129\langnp2057\insrsid1537064\charrsid3482475 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16539333 {\fs24\lang2057\langfe5129\langnp2057\insrsid1537064 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
the drawing or negotiating of any bill of exchange or promissory note or the transfer of any secur}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 ty or the acknowledgem}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16539333 ent of any debt or the making of }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 any payment, by an international trust or by
 an officer or employee of international trust for or on behalf of the trust}{\fs24\lang2057\langfe5129\langnp2057\insrsid9919460  }{\fs24\lang2057\langfe5129\langnp2057\insrsid16539333 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16539333 {\fs24\lang2057\langfe5129\langnp2057\insrsid16539333\charrsid3482475 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid16539333 {\fs24\lang2057\langfe5129\langnp2057\insrsid16539333 (i) as }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 consideration}{
\fs24\lang2057\langfe5129\langnp2057\insrsid16539333  for }{\fs24\lang2057\langfe5129\langnp2057\insrsid9919460 receiving and payment or a}{\fs24\lang2057\langfe5129\langnp2057\insrsid16539333 
cquiring any property elsewhere than in the Cook Islands or in New Zealand; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16539333 {\fs24\lang2057\langfe5129\langnp2057\insrsid16539333 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid16539333 {\fs24\lang2057\langfe5129\langnp2057\insrsid16539333 (ii) a}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
s consideration for acquiring a right, }{\fs24\lang2057\langfe5129\langnp2057\insrsid16539333 whether }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 actual or contingent, to}{\fs24\lang2057\langfe5129\langnp2057\insrsid16539333 
 receive any payment or }{\fs24\lang2057\langfe5129\langnp2057\insrsid10911537 to }{\fs24\lang2057\langfe5129\langnp2057\insrsid16539333 acquire any property elsewhere than in the Cook Islands or in New Zealand;}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid16539333 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16539333 {\fs24\lang2057\langfe5129\langnp2057\insrsid16539333 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid10911537 the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 creation or transfer of a right, whether ac}{\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 tual}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
 or contingent, to receive any payment or acquir}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  any property elsewhere than}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15947282  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 in the Cook Islands }{\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 or }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 New Zealand, or the disposal or otherwise dealing with any money, securities, or property held or payable elsewhere than in the Cook Islands or New Zealand, by an international trust }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 for or on be}{\fs24\lang2057\langfe5129\langnp2057\insrsid12796483 half of the trust, other than -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15947282 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid15947282 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 (i) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
as consideration for receiving any payment}{\fs24\lang2057\langfe5129\langnp2057\insrsid15947282  or}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  acquiring any property in the Cook Islands}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15947282  or}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  New Zealand; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15947282 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282\charrsid3482475 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid15947282 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 (ii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
as consideration for acquiring a right, whether actual or contingent, to receive any payment or acquire any property as aforesaid; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid15947282  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15947282 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 
\par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid15947282 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 (iii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
as consideration for the discharge of a debt payable in the Cook Islands or New Zealand.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15947282 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282\charrsid3482475 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 (3) An }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 international trust}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15947282  which wishes to \endash }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid15947282 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 (a) invest on a domestic company; or 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid12597898 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid15947282 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 acquire assets from a person ordinarily}
{\fs24\lang2057\langfe5129\langnp2057\insrsid10911537  resident in}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  the Cook Islands or a domestic compa}{\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 ny; or
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15947282 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid15947282 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 carry on }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 business }{\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 within the meaning }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10911537 that phrase in the }{\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 Development I}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 nvestment}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15947282  Act 1977,
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15947282 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 shall be subject to}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  the }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 provisions of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 Development }{\fs24\lang2057\langfe5129\langnp2057\insrsid15947282 
Investment Act 1977: Provider however, that nothing in this subsection shall bring into operation the provisions of the Development Investment Act 1977, in relation to an international trust where the only domestic company which the international trust }{
\fs24\lang2057\langfe5129\langnp2057\insrsid14043502 is dealing with is a trustee company.}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14043502 
\par (4) It shall be an offence against this Act for an international trust or an officer or employee of an International trust to take or to send or to cause o}{\fs24\lang2057\langfe5129\langnp2057\insrsid13188556 r}{
\fs24\lang2057\langfe5129\langnp2057\insrsid14043502  permit to 
be taken or sent, any money or securities out of the Cook Islands which are owned or controlled by a natural person ordinarily resident in the Cook Islands or a domestic company other than a trustee company.
\par 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid12597898 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid12597898\charrsid12597898 PART V
\par MISCELLANEOUS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid12597898 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898 22. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898 Resident beneficiaries}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898 
 - The provisions of this}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid12597898  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898 Act shall not have any application to a benef}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid12597898 iciary who}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898  is domiciled in the Cook Islands or who is ordinarily resident in the Cook Islands.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid12597898 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898 23. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898 Secrecy}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898  - (1) Excep}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13188556 t where the provisions of this }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898 Act require a
nd subject to subsection (2) of this section, it shall be an offence for a person to divulge or communicate to any other person information relating to the establishment, constitution, business undertaking or affairs of an international trust.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid12597898 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (2) All judicial proceedings, other than criminal proceedings relating to internatio}{\fs24\lang2057\langfe5129\langnp2057\insrsid13188556 nal trusts shall, unless ordered }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 otherwise be heard in camera and no details of the proceedings sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 a}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 ll be published by any person without leave of the Court or person presiding.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 24. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898 Translations}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
 - (1) Every document filed with the Registrar and not in the English language shall be accompanied by }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 certified translation.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (2) A document that is not in the English language and which is not accompanied}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid13188556 by a certified translation a}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 t the time of filing shall not be accepted for registration by the Registrar.}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (3) For the purpose of this section a certified translation is a translation into the English language, certified as a correct translation, by a translator to the satisfaction of the R
egistrar.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 25. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898 No action to lie against certain person}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  - No action shall lie against the Government of the Cook Islands, any statutory body or authority, or a public }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
or judicial officer in respect }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 of any performance of its or his functions or duties under this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 26. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898 Power of Exemption}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
 - (1) The Minister may on his own motion or pursuant to an application in writing lodged with the}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
Registrar by an international trust or a trust, if it were registered would be an international trust, exempt that international }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
rust or trust from all or any of the provisions of this Act an}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  any regulations ma}{
\fs24\lang2057\langfe5129\langnp2057\insrsid13188556 de}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
 under this Act and may impose such terms and conditions as he thinks fit as a condition under which that exemption is granted. An exemption so granted may be rev}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 o}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 ked or varied by the minister at any time.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (2) In dealing with an application under this section the minister shall not be required to act judicially and his decision }{\fs24\lang2057\langfe5129\langnp2057\insrsid13188556 shall
}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  in all cases be final.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (3) Any exemption or condition imposed pursuant}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475  to subsection }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (1) of this section, shall take ef}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
ect as from the date to be decided by the minister in his discretion.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 27. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid12597898 Prohibitions by Minister}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
 - (1) The minister shall have an absolute right of his own motion or otherwise and without assigning reasons to make an order:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid3482475 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid1593625 {\fs24\lang2057\langfe5129\langnp2057\insrsid1593625 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 prohibiting the registration of any trusts
}{\fs24\lang2057\langfe5129\langnp2057\insrsid1593625 , }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 or}{\fs24\lang2057\langfe5129\langnp2057\insrsid1593625 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1593625 {\fs24\lang2057\langfe5129\langnp2057\insrsid1593625 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid1593625 {\fs24\lang2057\langfe5129\langnp2057\insrsid1593625 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 directing any international tr}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 u}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 st to cease c}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 arrying on its business or part }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 of its business immediately}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 or within su}{
\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 c}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 h time as may be specified in }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 t}{
\fs24\lang2057\langfe5129\langnp2057\insrsid1593625 he order.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
\par (2) An order made under this section may be revoked or varied by the Minister.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (3) In making an order under this section the minister shall not be required to get judicially and such }{\fs24\lang2057\langfe5129\langnp2057\insrsid1593625\charrsid3482475 order}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  shall be final.
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 28. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid1593625 Penalties}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475  - (1) Any person who:}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid1593625 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 (a) does anything which is forbidden by or under this Act; or
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid7895327 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
(b) omits to do something required or directed by or fails to comply with any provisions of this Act,}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 shall be guilty }{\field\fldedit{\*\fldinst {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  HYPERLINK http://of.an }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10174256\charrsid3482475 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b1c00000068007400740070003a002f002f006f0066002e0061006e002f0000000000100000c40000}}
}{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 of}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475  }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 an}}}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  offence against this Act and shall be liable on convi}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 ction to a fine not exceeding U}{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 S$10,000 or to imprisonment for a term not exceeding 1 year or to both.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid3482475 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 29. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid7895327 Re}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3482475\charrsid7895327 g}{
\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid7895327 ulations}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475  - The Queens Representative may by order}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 in Executive Council make regulations prescribing all matters and things required or authorised by this Act to be prescribed or w}{\fs24\lang2057\langfe5129\langnp2057\insrsid10564561 
hich are necessary for }{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 carrying}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 
 out or giving effect to this Act including the prescribing of penalties for breaches of such regulations.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7895327\charrsid3482475 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7895327 {\fs24\lang2057\langfe5129\langnp2057\insrsid12796483 ----------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7895327 {\fs24\lang2057\langfe5129\langnp2057\insrsid7895327 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3176771 {\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 This Act is administere}{\fs24\lang2057\langfe5129\langnp2057\insrsid3482475 
d by the Cook Islands Monetary B}{\fs24\lang2057\langfe5129\langnp2057\insrsid15949649\charrsid3482475 oard.
\par }}