Australian Capital Territory Current Acts Australian Capital Territory Current Acts(1) If a relevant court makes an order for the sale of property under a trust for sale, the court must appoint trustees for the sale.
(2) The trustees hold the property under a trust for sale to sell the property and, after payment of the costs and expenses of the sale and of any outgoings in relation to the property, to pay the proceeds of the sale and any income from the property to the court.
(3) The property vests in the trustees on their appointment.
(4) The property vests in the trustees subject to any registered property interests that apply to all of the property, other than an undivided share of the property.