PUBLIC TRUSTEE ACT 1995 - SECT 41
PUBLIC TRUSTEE ACT 1995 - SECT 41
(1) The Public Trustee
ceases to be manager of a property under this Part on the happening of any of
the following events:
(a) if
the Court so orders on application made by the owner of the property or by the
owner's agent or administrator or by any person having an interest in the
property or in any part of it;
(b) if
the Public Trustee publishes notice in the Gazette that the Public Trustee has
ceased to be manager of the property under this Part;
(c) if
the Public Trustee transfers or delivers the property to the owner or the
owner's agent or administrator.
(2) The termination of
the Public Trustee's management of property under this Part does not affect a
charge acquired by the Public Trustee under this Part or the validity of an
act or thing done by the Public Trustee while manager of the property.
(3) No order can be
made by the Court under this section without the consent of the Public Trustee
until the Public Trustee has been paid all amounts to which the Public Trustee
is entitled under this Part as manager of the property together with all costs
incurred by the Public Trustee in connection with the application for the
order.
(4) On the Public
Trustee ceasing to be manager of property that remains in the Public Trustee's
name or possession, the Public Trustee may transfer or deliver the property to
the person entitled to it.