Northern Territory Consolidated Acts

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COMPANIES (TRUSTEES AND PERSONAL REPRESENTATIVES) ACT - SECT 5

Definitions

In this Act:

"administrator" includes a person to whom letters of administration are granted.

"chief executive officer", in relation to a trustee company, means the person who is primarily and directly responsible to the directors for the general and overall management of the company.

"Court" means the Supreme Court.

"estate" means real and personal property of whatever nature or kind.

"letters of administration" means:

        (a)     letters of administration of the real and personal estate of a deceased person with or without the will, if any, annexed and whether granted for general, special or limited purposes;

        (b)     exemplification of letters of administration; and

        (c)     such other formal evidence of the right to administer the real and personal estate of a deceased person, purporting to be under the seal of a court of competent jurisdiction, as, in the opinion of the Court, is sufficient to authorize that administration of that estate under the law applicable in the place where the court of competent jurisdiction has jurisdiction.

"probate" has the same meaning as in the Administration and Probate Act .

"statutory manager" has the same meaning as manager in the Aged and Infirm Persons' Property Act .

"trustee company" means a licensed trustee company as defined in section 601RAA of the Corporations Act 2001.

"will" includes a codicil to a will.



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