57Accounts of judicial trustees
(1)In section 1(6) of the [1896 c. 35.] Judicial Trustees Act 1896 (by virtue of which, among other things, the accounts of every trust of which a judicial trustee has been appointed have to be audited once in every year, and a report on them made to the court) the words from the beginning to " and ", in the second place where it occurs, shall cease to have effect.
(2)The following paragraphs shall be substituted for paragraph (11) of subsection (1) of section 4 of that Act (by virtue of which rules may be made for the filing and auditing of the accounts of any trust of which a judicial trustee has been appointed)—
“(11)for the preparation, auditing (by the court or otherwise) and filing of the accounts of any trust of which a judicial trustee has been appointed ;
(12)for the making of a report to the court on the accounts of any such trust.”.
(3)The following subsection shall be inserted after the said subsection (1)—
“(1A)The rules under this Act may make different provision for different classes of trust, trustees, beneficiaries or trust property.”.