Section 4 of the Principal Act is repealed and the following section is substituted:

4.     Constitution of body corporate as Roman Catholic Church Trust Corporation of the Archdiocese of Hobart

(1)  The body corporate constituted under section 4 of this Act, as in force immediately before the commencement of the Roman Catholic Church Property Amendment Act 2005 , continues and is to be known as the "Roman Catholic Church Trust Corporation of the Archdiocese of Hobart" .

(2)  The body corporate has perpetual succession and a common seal.

(3)  The body corporate consists of three trustees appointed by the Archbishop.

(4)  The Archbishop, at any time, may remove a trustee.

(5)  The Archbishop may appoint another trustee in the place of a trustee –

(a) who has been removed under subsection (4) ; or

(b) who has died.

(6)  The seal of the body corporate is to be affixed in the presence of at least two trustees who are to sign their names to the instrument to which the seal has been affixed.

(7)  Except as provided in subsection (4) , this section does not affect the tenure or term of office of a person who immediately before the commencement of this section was a trustee.