Northern Territory Consolidated Acts

PUBLIC TRUSTEE ACT

TABLE OF PROVISIONS

           Long Title

   PART I--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Repeal  
   4.      Savings  
   4A.     Objectives of Act  
   5.      Definitions  
   6.      Act to bind Crown  

   PART II--ADMINISTRATION

   8.      Appointment of Public Trustee  
   9.      Public Trustee for the Northern Territory  
   10.     Agent of Public Trustee  
   11.     Secrecy  

   PART III--PUBLIC TRUSTEE INVESTMENT BOARD

   12.     Public Trustee Investment Board  
   13.     Delegation by Investment Board  

   PART IV--ACCOUNTS

   14.     Accounts of Public Trustee  
   15.     Receipt of moneys  
   16.     Separate accounts for businesses of estate  
   17.     Separate accounts for particular estates  
   18.     Report  
   19.     Audit and report by Auditor-General  
   20.     Furnishing of information to Auditor-General  
   20A.    Provision of information to beneficiaries of estate or trust  
   20B.    Provision of account during administration of estate  

   PART V--INVESTMENT OF ESTATE FUNDS AND COMMON FUNDS

   21.     Investment of money  
   22.     Money from several estates and trusts may be invested as single fund  
   23.     Establishment of common funds  
   24.     Operation of common funds  
   24A.    Management fees  
   24B.    Accounts, audits and reports in respect of common funds  
   24C.    Information for investors and prospective investors in common fund  
   25.     Sale by Public Trustee  
   26.     Public Trustee may buy in, &c.  
   27.     Common fund may borrow  
   28.     Payments to and indemnity from Territory  
   29.     Minors  
   30.     Loans to estates from common fund  
   31.     Advances to beneficiaries or estates  

   PART VI--ACQUISITION OF THE RIGHT TO ADMINISTER ESTATES

   32.     Public Trustee may be appointed trustee, &c.  
   33.     An executor, &c., may appoint Public Trustee  
   34.     Public Trustee may administer estate of intestate person  
   36.     Public Trustee may act as sole trustee  
   37.     Court may give consent  
   38.     Public Trustee to have powers of executor, &c., where appointed in substitution  
   39.     Public Trustee may apply for probate after 3 months  
   40.     Proof of death testacy or intestacy  
   41.     Public Trustee may act as agent for reseal  
   42.     Court may direct Public Trustee to act on behalf of a person  
   43.     Public Trustee entitled to costs  
   44.     Caveat  
   45.     Trustees may delegate to Public Trustee  
   48.     Public Trustee may object  
   49.     Indemnity where bona fide mistake as to death, &c.  
   50.     Public subscriptions to funds, &c.  
   51.     Notice of application to be served  
   52.     Refusal to accept by Public Trustee  

   PART VIII--UNCLAIMED PROPERTY

   58.     Appointment of Public Trustee as manager  
   59.     Public Trustee may apply  
   59A.    Public Trustee to be deemed manager  
   60.     Powers as manager  
   61.     Payment for improvements  
   62.     Application for directions  
   63.     Unclaimed moneys part of the common fund  
   64.     Commission, &c., a charge  
   65.     Money to be held for owner  
   66.     Application by another person  
   67.     Payment of claim  
   67A.    Bona vacantia  

   PART IX--MISCELLANEOUS

   69.     Application to Court by Public Trustee  
   70.     Administration of Public Trustee may be referred to Court  
   71.     Payments, &c., to Public Trustee pursuant to court orders  
   72.     General power  
   72A.    Certificate of Public Trustee  
   73.     Public Trustee may act on information  
   74.     Commissions, fees, charges and expenses  
   75.     Public Trustee may sue Public Trustee acting in another capacity  
   76.     Auctions  
   77.     Advertising for claims  
   78.     Intestate distributions  
   79.     Balance of estates held on trust  
   81.     Infants  
   83.     Insurance premiums  
   84.     Payment of small amounts  
   86.     Failure to deliver, &c.  
   87.     Execution under power of attorney  
   88.     Wills  
   89.     Safe custody  
   90.     No inquiry by purchaser, &c., as to powers, &c.  
   91.     No notice of trust  
   92.     Public Trustee may contract with Public Trustee in another capacity  
   93.     Certain covenants void  
   94.     Actions outside Australia  
   95.     Dealings with other Public Trustees, &c.  
   96.     No bond required  
   97.     Liabilities, indemnities and guarantees  
   98.     Service of notices  
   99.     Public Trustee to have the powers, &c., of natural person  
   100.    Execution of deeds, &c.  
   101.    Regulations  
           SCHEDULE 1
           SCHEDULE 2
           ENDNOTES