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Perpetuities and Accumulations Act 2009

Perpetuities and Accumulations Act 2009

2009 CHAPTER 18

Commentary on Sections

Perpetuity period of 125 years

Section 5: Perpetuity period

46.Section 5 defines the length of the perpetuity period governing instruments to which the Act applies (see sections 1, 2 and 15). The perpetuity period for such instruments is 125 years.

47.Subsection (2) provides that subsection (1) applies whether or not the instrument specifies a perpetuity period, and that specifying a perpetuity period will be ineffective.

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