TRUSTEE COMPANIES ACT 1953

Table of Provisions

PART I - Preliminary

• 1 Short title
• 2 Repeal
• 3 Interpretation
• 4 Section 4
• 4A Section 4A

PART II - Trustee Companies Division 1 - Administration of estates

• 5 Power of trustee company to act as executor
• 6 Power of trustee company to act as administrator
• 7 Power of courts, &c., to appoint trustee company as trustee,
receiver, &c.
• 8 Power of person entitled to probate to authorize trustee company to
obtain probate
• 9 Power of person entitled to administration to authorize trustee
company to obtain administration
• 10 Power of trustee company to act jointly with other persons or to
obtain probate with leave to other persons to come in and prove
• 10A Election to administer small estates without grant of probate,
&c.
• 11 Power of Court to act on affidavit of authorised person of trustee
company
• 12 Section 12
• 13 Power of trustee company to act under power of attorney
• 14 Power to appoint trustee company as temporary executor, &c.
• 15 Power of executors, &c., to appoint trustee company to discharge
their duties
• 15A Power of trustee company to undertake other services
• 15B Loans from estates to related corporations prohibited
• 15C No trust estate to be liable under guarantee from trustee company
unless given on behalf of that estate
• 16 Power of trustee company to act as if it were a natural person
• 17 Power of authorised person to attend on behalf of trustee company
• 17A Section 17A
• 18 Commission chargeable by trustee company
• 18A Management charge in respect of charitable trusts, &c.

Division 2 - General powers

• 18B Power of trustee company to undertake other services
• 18C Investment in common fund, &c.
• 18D Power of trustee company to mix funds for investment
• 18E Section 18E

Division 3 - Duties of trustee companies

• 18F Duty of trustee company not to acquire shares in itself
• 18G Section 18G
• 18H Section 18H
• 18I Section 18I
• 18J Employment of Australian legal practitioner by trustee company

Division 4 - Control of trustee companies

• 19 Power of Court to remove trustee company from office
• 20 Section 20
• 21 Section 21
• 22 Power of Court to restrain voluntary winding up of trustee company
• 23 Section 23
• 24 Section 24
• 25 Section 25

Division 5 - Distribution of deceased estates

• 26 Power of trustee company to distribute assets without regard to
claims of creditors after notice and failure of creditors to take proceedings
• 27 Power of trustee company to distribute estate where possible
claimants have not claimed
• 28 Power of trustee company to make advances to beneficiaries

PART III - Miscellaneous and Supplemental Division 1 -

• 29 Section 29

Division 2 - Accounts and audit

• 30 Trustee company to keep separate accounts of each estate
• 31 Assets of trustee company liable for proper discharge of company's
duties
• 32 Trustee company to pay certain unclaimed moneys to Public Trustee
• 33 Transfer of securities to Public Trustee
• 34 Notice of unclaimed trust moneys
• 34A Section 34A

Division 3 - Powers of Supreme Court

• 35 Section 35
• 36 Power of Court to make order for account on application of Public
Trustee

Division 4 - Miscellaneous

• 37 Unclaimed money to be paid to Treasurer, &c.
• 38 Section 38
• 39 Section 39
• 39AA Section 39AA
• 39A Certificate of trustee company to be accepted as evidence
• 40 Section 40
• 40AA Section 40AA
• 40A Regulations
• 41 Rules of Court
SCHEDULE 1 SCHEDULE 2 SCHEDULE 2a SCHEDULE 3 SCHEDULE 4 SCHEDULE 5

[ Note: This table has been automatically generated and may be incomplete. ]