Section 14Part 1 — Trusts Act
Reserved powers
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The reservation or grant by a settlor of a trust of any or all of the following —
any power to revoke, vary or amend the trust instrument or any trusts or powers arising thereunder in whole or in part;
a general or special power to appoint either income or capital or both of the trust property;
any limited beneficial interest in the trust property;
a power to act as a director or officer of any company wholly or partly owned by the trust;
a power to give binding directions to the trustee in connection with the purchase, holding or sale of the trust property;
a power to appoint, add or remove any trustee, protector or beneficiary;
a power to change the governing law and the forum for administration of the trust; or
a power to restrict the exercise of any powers or discretions of the trustee by requiring that they shall only be exercisable with the consent of the settlor or any other person specified in the trust instrument, shall not invalidate the trust or affect the presumption under section 13(1).
In this Part — “ settlor ” has the meaning ascribed to that term in section 87 .