New South Wales Repealed Acts New South Wales Repealed ActsThis legislation has been repealed.
(1) On the death of a person to whom a sum of money, not exceeding such amount as may be prescribed by the regulations, is payable by the Public Trustee, the Public Trustee may, without requiring administration to be taken out in the estate of that person, pay that sum or any part of that sum to a person who the Public Trustee considers is entitled to that sum or part.
(2) A payment made in good faith pursuant to subsection (1) shall be valid against all persons and the Public Trustee shall be absolutely discharged from all liability in respect of any money so paid by the Public Trustee.
(3) A person to whom money is paid pursuant to subsection (1) shall be liable to apply that money in the due course of administration and the Public Trustee may, if the Public Trustee thinks fit, without being liable to see to the application of that money, require that person to give sufficient security, by bond or otherwise, that that money will be so applied.
(5) Nothing in this section affects any right of a person to claim or recover money paid pursuant to subsection (1) from a person other than the Public Trustee.