Australian Capital Territory Repealed Acts

This legislation has been repealed.

CONVEYANCING ACT 1919 (REPEALED) - SECT 7

    (1)     A settlement is an instrument, or a number of instruments, under which land is for the time being—

        (a)     limited to or in trust for people by way of succession; or

        (b)     vested in or limited in trust for a child in possession.

    (2)     If a child is beneficially entitled to land, and because of an intestacy or otherwise there is no instrument under which the interest of the child arises or is acquired, a settlement is taken to have been made by the intestate or the person whose interest the child has acquired.

    (3)     An estate or interest not disposed of by a settlement, and remaining in or reverting to the settlor (or someone deriving title through the settlor), is an estate or interest included in the settlement and coming to the settlor (or other person) under the settlement.