• Specific Year
    Any

NSW TRUSTEE AND GUARDIAN ACT 2009 - SECT 98 Estate to be handed over on termination of management

NSW TRUSTEE AND GUARDIAN ACT 2009 - SECT 98

Estate to be handed over on termination of management

98 Estate to be handed over on termination of management

(cf PE Act, ss 39 and 40)

(1) If the management of the estate of a managed person by the NSW Trustee terminates (other than because of the death of the person), the NSW Trustee must, subject to any order of the Supreme Court or the Civil and Administrative Tribunal--
(a) pay to the person, or as the person directs, all money standing to the credit of the current account of the person in the common fund, and
(b) hand over to the person, or as the person directs, all chattels and documents forming part of the estate of the person.
(2) The receipt of a person in accordance with whose direction money is paid or chattels or documents are handed over under this section is an absolute release to the NSW Trustee from liability in respect of any action taken by the NSW Trustee under this section.