New South Wales Consolidated Acts

TRUSTEE COMPANIES ACT 1964 - SECT 15AB

15AB Estate not small estate

(1) If, after an election takes effect under section 15A or 15AA, the trustee company becomes aware that the gross value of the estate or the unadministered estate exceeds the amount prescribed for the purposes of making an election, the trustee company must file a notice to that effect in the registry of the Court.

(2) The trustee company is not entitled to continue to administer the estate but must obtain probate or administration in the ordinary manner.