Part 1Trusts
Chapter 3Powers and duties of trustees
Apportionment
I127Apportionment: disapplication of certain rules
1
Any rule of law relating to the allocation and apportionment of trust receipts and outgoings ceases to have effect in relation to a trust, irrespective of when that trust was created.
2
Subsection (1) does not affect allocation and apportionment which falls to be made before this section comes into force.