Northern Territory Consolidated Acts

COMPANIES (TRUSTEES AND PERSONAL REPRESENTATIVES) ACT

TABLE OF PROVISIONS

           Long Title

   PART I - PRELIMINARY

   1.      Short title
   2.      Commencement
   3.      Repeal
   4.      Savings
   5.      Definitions

   PART II - TRUSTEE COMPANIES

   6.      Trustee companies
   7.      Local company prerequisites for authorization
   8.      Company prerequisites for authorization
   9.      Conditions of authorization
   10.     Cancellation of authorization
   11.     Trustee company not to change name without approval
   12.     Office to be open for business
   13.     Declarations by trustee companies
   14.     Trustee company may act as executor
   15.     Authorization to apply for letters of administration with will annexed
   16.     Trustee company may obtain administration with will annexed
   17.     Trustee company may apply for administration of the estate of an intestate
   18.     Trustee company may act as executor or administrator
   19.     Trustee company may act under power of attorney
   20.     Court or person with power to appoint may appoint trustee company
   21.     Executor, &c., may appoint trustee company to act
   22.     Trustee company subject to same duties, &c., as a natural person
   23.     Powers conferred by this Act are in addition
   24.     Dispensing with consents
   25.     Common funds
   26.     Investment of funds
   27.     Commission
   27A.    GST may be charged by trustee company
   28.     Certificate of trustee company evidence of certain things
   29.     No further security required where Minister certifies
   30.     Trustee company may be wound up in certain circumstances
   31.     Director ceases to be eligible to act after bankruptcy
   32.     Liability on part-paid shares
   33.     Offence to misappropriate property
   34.     Unclaimed moneys
   35.     Treasurer may pay to lawful claimant
   36.     Returns to be made by Trustee Company
   37.     [Repealed]
   38.     Law practice may be nominated by testator
   39.     Trustee company bound by conditions of incorporation or registration

   PART IIA - TRANSFER OF CERTAIN TRUST BUSINESS

   39A.    Definitions
   39B.    Transfer of trust business and appointment of old trustee to new trustee
   39C.    Evidence

   PART III - AUTHORIZED COMPANIES

   40.     Definition
   41.     Certain companies may be executors
   42.     Prerequisites for company acting as executor
   43.     No advertising
   44.     Authorized company subject to same duties, &c., as a natural person
   45.     Testator may authorize payment of commission
   46.     Certain persons may apply to wind up an authorized company
   47.     Director ceases to be eligible to act after bankruptcy

   PART IV - GENERAL PROVISIONS

   48.     Definition
   49.     Affidavits may be sworn by certain officers
   50.     Directors and manager personally liable
   51.     Trust moneys
   52.     Company may be removed
   53.     Interested party may apply for an account
   54.     Court may order audit
   55.     Restraint on voluntary winding up of a company
   56.     Issued capital and assets liable for failure by officers

   PART V - MISCELLANEOUS

   57.     Only certain companies to act as executor, &c.
   58.     Syndics
   59.     Regulations
           SCHEDULE 1
           SCHEDULE 2
           Endnotes