Commentary on Clauses Part IV: Agents, Nominees and Custodians Section 26: Restriction or exclusion of this Part etc.
Section 26 makes it clear that these powers are additional to powers conferred on trustees from other sources but they can be restricted or excluded by the trust instrument or legislation. In this regard the new powers relating to agents, nominees and custodians are default powers, as are the new powers of investment and acquisition of land.