Product Grants and Benefits Administration Act 2000

PART 6 - DISQUALIFICATION FOR FRAUD  

SECTION 33  

33   DISQUALIFICATION OF TRUST - TRUSTEE DISQUALIFIED ETC.  
Despite the provisions of Part 3 and the entitlement Acts, a trust is disqualified, and is taken to have been disqualified, from receiving a grant or benefit in relation to a particular time if any of the following entities is disqualified under section 29 or 30 from receiving that grant or benefit in relation to that time:


(a) a trustee;


(b) an individual who:


(i) is an employee of the trust; and

(ii) is concerned in, or takes part in, the management of the trust;


(c) in a case where a trustee is a body corporate:


(i) a director of the body corporate; or

(ii) the secretary of the body corporate; or


(iii) a person (by whatever name called and whether or not a director of the body corporate) who is concerned in, or takes part in, the management of the body corporate.




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