Queensland Consolidated Acts Queensland Consolidated Acts(1) Subject to section 31(3), the powers by this Act conferred on a trustee may be exercised by, and the powers by this Act capable of being conferred by the court on a trustee may be conferred upon and, where conferred, may be exercised by, the following persons--
(a) in respect of land which immediately before the commencement of this Act was settled land within the meaning of the Settled Land Act 1886 (the repealed Act)--by the person being of full age and not a mentally ill person who was, or, if more than 1 by the persons being of full age and not mentally ill persons--
(i) who were, in respect of that land, the tenant for life within the meaning of the repealed Act, or who had the powers of the tenant for life under the repealed Act; and
(ii) who if that Act had not been repealed would be the tenant for life or have those powers;
whether or not such powers were or any of such powers was exercisable only with the consent, approval or sanction of some other person or persons or of the court; but where, under the repealed Act, a power was exercisable by any person or persons only upon the written request of the tenant for life, then such person or persons shall have, and shall and may exercise, the powers conferred by this section upon the written request of the person who was tenant for life and who if that Act had not been repealed would be the tenant for life, but not otherwise;
(b) in respect of any other land which is trust property--
(i) if there is, apart from this Act, no trustee of the land--by the person or persons, not under a disability, for the time being beneficially entitled to possession thereof, or to the rents and profits therefrom; or
(ii) if there is, apart from this Act, a trustee of the land--by the trustee; but the trustee shall, unless otherwise directed by the court, exercise the power conferred by section 32 to sell the land if so required in writing by the person (if not under a disability) or, if more than 1, all of the persons (if not under a disability) at that time beneficially entitled to an interest in possession in the land or under the trust of the land;
(c) in respect of any land or other trust property not hereinbefore provided for--by the trustee (if any) of that land or other trust property;
(d) in any case, or where the persons by whom, or at whose direction, the powers conferred by this section are exercisable do not agree--by such person or persons and in such manner as the court may order or direct on application thereto of any person who has, directly or indirectly, an interest, whether vested or contingent, in that property.
(2) Where a trustee has, whether before or after the commencement of this Act, done any act which might lawfully have been done with the prior approval of the court or pursuant to a prior order of the court conferring power under this Act to do such act, the court may--
(a) on the application of any trustee or person interested; and
(b) after notice to such person or persons (if any) as to the court may seem requisite; and
(c) on such terms or conditions as to the court may seem appropriate;
make an order granting approval or conferring power under this Act to do such act, and may make such order retrospective to any prior date or period as to the court seems fit.
(3) An order made pursuant to subsection (2) shall, subject to any term or condition imposed by the court, have the same force and effect as if the approval had been obtained or the power conferred before the doing of the act referred to in the order.