Appendix B Searches

. either alone or jointly with any person including a trustee for any other
trust or the trustee in its personal capacity or as trustee of any other
trust fund and to assume joint or several liability in respect of any joint
exercise of these powers; and

o_ in relation to the assets of the trust, as if the trustee was the beneficial
owner of those assets.

In this clause, the term ‘any person’ is taken to include the trustee in his or her personal
capacity, the trustee as trustee of another trust, any director, member, associate or
relative of the trustee and any company, business or partnership in which the trustee is a
director, member, partner or otherwise involved.

Trustee may delegate an exercise of power etc

28

The trustee may appoint @ person to exercise any power or discretion of the trustee under
this deed.

Trustee may appoint a manager

29

The trustee is not required to act personally, but may appoint a person to manage any
part of the trust on the trustee's behalf.

Trustee may register assets in the name of a nominee

30

The trustee may register the assets in the name of a nominee. The trustee retains all the
trustee’s powers in relation to assets registered in the nominee's name.

Authority to act on the trustee’s behalf

31

If the trustee authorises another person to exercise a power or discretion of the trustee,
the trustee may include in the authority provisions to protect persons dealing with the
authorised person. The trustee remains liable for the acts and omissions of the
authorised person.

Powers to be exercised at the trustee’s absolute discretion

32

Advice

33

 

The trustee has an absolute discretion whether to exercise a power under this deed, and
how a power is to be exercised. Neither a beneficiary nor any other person may
challenge an exercise of a power or a failure to exercise it, or require a reason for its
exercise or non-exercise.

The trustee may rely on advice from a qualified lawyer in relation to interpreting and
applying this deed, and anything to be done or not done under it. The trustee may rely on
advice or information supplied by any other person in relation to any matter that the
trustee believes in good faith is within their competence.