Default provisions
11.Many of the trusts provisions in the Act are default provisions, meaning that they will apply to all trusts other than those where alternative arrangements are in place. Such alternative arrangements may be set out expressly in the trust deed, but they may also be implied from the terms of the trust deed. In either case, the alternative arrangements will apply instead of the default provision in the Act. If there is no trust deed in place, the default provisions will apply (other than in cases where the circumstances in which the trust operates require or imply the application of alternative arrangements).
