Northern Territory Consolidated Acts

TRUSTEE ACT

TABLE OF PROVISIONS

           Long Title

   1.      Short title and commencement
   2.      Division
   3.      Repeal

   PART I - INVESTMENTS

   4.      Application of Part 5. Power of trustee to invest
   6.      Duties of trustee in respect of power of investment
   7.      Law and equity preserved
   8.      Matters to which trustee shall have regard in exercising power of investment
   9.      Powers of trustee in relation to securities
   10.     Power of trustee as to calls on shares
   10A.    Power to purchase dwelling house as residence for beneficiary
   10B.    Power of trustee to retain investments
   10C.    Loans and investments by trustees not breaches of trust in certain circumstances
   10D.    Limitation of liability of trustee for loss on improper investments
   10E.    Court may take into account investment strategy in action for breach of trust
   10F.    Power of Court to set off gains and losses arising from investment
   10G.    Transitional provision

   PART II - VARIOUS POWERS AND DUTIES OF TRUSTEES

   11.     Power of appointing new trustees
   12.     Retirement of trustees
   13.     Vesting of trust property in new or continuing trustees
   14.     Power of trustees for sale to sell by auction, &c.
   15.     Power to sell subject to depreciating conditions
   16.     [Repealed]
   17.     Power to authorize receipt of money by banker or legal practitioner
   18.     Power to insure building
   18A.    Power to insure building or other property
   19.     Power of trustees of renewable leaseholds to renew and raise money for the purpose
   20.     Power of trustee to give receipts
   21.     Power for executors and trustees to compound, &c.
   21A.    Power to apply to Supreme Court for declaration as to validity, &c.
   22.     Distribution of estate after notice by trustee
   23.     Powers of 2 or more trustees
   24.     Powers of maintenance in case of infants
   24A.    Power to apply capital towards advancement and benefit
   25.     Exoneration of trustees in respect of certain powers of attorney
   26.     Implied indemnity of trustees

   PART III - POWERS OF THE COURT

   27.     Power of the Court to appoint new trustees
   28.     Vesting order as to land
   29.     Contingent rights of unborn trustees
   30.     Vesting order in place of conveyance by infant mortgagee
   31.     Vesting order in place of conveyance by heir or devisee of mortgagee
   32.     Vesting order consequential on judgment for sale or mortgage of land
   33.     In what cases the heir, representative, or devisee of a person, who has contracted to sell land, shall be deemed a trustee within this Act
   34.     Vesting order consequential on judgment for specific performance, &c.
   35.     Effects of vesting order
   36.     Power to appoint person to convey
   37.     Vesting orders as to stock and choses in action
   38.     Vesting order as to stock in cases of lunatic or infant mortgagee
   39.     Persons entitled to apply for vesting orders
   40.     Powers of new trustees appointed by Court
   41.     Power to charge costs on trust estate
   42.     Trustees of charities
   43.     Orders made upon certain allegations to be conclusive evidence
   44.     Payment into court by trustees and mortgagees
   45.     - 46. [Repealed]
   47.     Power to give judgment in absence of a trustee
   48.     Trustee to have power to sell or convey in certain cases
   49.     Power to sanction sale of land or minerals separately
   49A.    Relief from liability for breach of trust
   50.     Power to make beneficiary indemnify for breach of trust
   50AA.   Cy-pres modification in certain cases
   50B.    Vesting orders arising from resulting trusts
   50A.    Power of Court to authorize dealings with trust property

   PART IV - SPECIAL PROVISIONS AS TO APPOINTMENT OF NEW TRUSTEES

   51.     This part to be permissive
   52.     Application of this part
   53.     Interpretation
   54.     Form of appointment of new trustee
   55.     Extension of power of appointing new trustees
   56.     Appointment of new trustees may be registered
   57.     Registration to vest estates in new trustees
   58.     [Repealed]
   59.     Registration with power of disposition to lesser number of joint owners
   60.     Form of memorandum of appointment of new trustee
   61.     - 62. [Repealed]
   63.     Preservation of powers of Registrar-General
   64.     Preservation of liability of trustee
   65.     [Repealed]

   PART V - MISCELLANEOUS AND SUPPLEMENTAL

   66.     Commission concerning person of unsound mind
   67.     Provisions of Act in addition to unrepealed acts
   68.     Application to trustee under settled estates Act of provisions as to appointment of trustees
   69.     Settled estates
   70.     - 72. [Repealed]
   73.     Power of Court to sell interest of Crown in real estate
   74.     [Repealed]
   75.     Definition of intestacy
   76.     - 77. [Repealed]
   78.     Trustee's remuneration
   79.     [Repealed]
   80.     Indemnity
   81.     Act to apply to Land Title Act
   82.     Definitions
           SCHEDULE 1
           SCHEDULE 2
           SCHEDULE 3
           THE TRUSTEE ACT, 1907
           Endnotes