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TRUSTEE (AMENDMENT) BILL 2001

                 PARLIAMENT OF VICTORIA

                Trustee (Amendment) Act 2001
                             Act No.


                       TABLE OF PROVISIONS
Clause                                                         Page
  1.     Purpose                                                  1
  2.     Commencement                                             1
  3.     Repeal of Part 1C and Part 1D                            2
  4.     Consequential amendments                                 2
  5.     Statute law revision                                     2
                            

ENDNOTES                                                          3




                                i
541213B.I1-20/9/2001                   BILL LA CIRCULATION 20/9/2001
 
 
                      PARLIAMENT OF VICTORIA
     Initiated in Assembly 19 September 2001




                                 A BILL

              to amend the Trustee Act 1958 and for other purposes.


              Trustee (Amendment) Act 2001




     The Parliament of Victoria enacts as follows:


            1. Purpose
                       The main purpose of this Act is to repeal Part 1C
                       and Part 1D of the Trustee Act 1958.
            2. Commencement
5                 (1) Section 1 and this section come into operation on
                      the day after the day on which this Act receives
                      the Royal Assent.
                  (2) Subject to sub-section (3), the remaining
                      provisions of this Act come into operation on a
10                    day or days to be proclaimed.


                                        1
     541213B.I1-20/9/2001                       BILL LA CIRCULATION 20/9/2001
 
 
                            Trustee (Amendment) Act 2001
                                                                                  s. 3
                                       Act No.

                  (3) If a provision referred to in sub-section (2) does
                      not come into operation before 1 July 2002, it
                      comes into operation on that day.
            3. Repeal of Part 1C and Part 1D
                                                                                See:
5                      Part 1C and Part 1D of the Trustee Act 1958 are          Act No.
                       repealed.                                                6401
                                                                                Reprint No. 10
                                                                                as at
                                                                                5 November
                                                                                1998
                                                                                and
                                                                                amending
                                                                                Acts Nos
                                                                                17/1988,
                                                                                85/1998,
                                                                                12/1999,
                                                                                74/2000,
                                                                                11/2001 and
                                                                                44/2001.
                                                                                LawToday:
                                                                                www.dms.
                                                                                dpc.vic.
                                                                                gov.au

            4. Consequential amendments
                       In section 3(1) of the Trustee Act 1958, the
                       definitions of "mortgage-backed security" and
10                     "mortgage investment certificate" are repealed.
            5. Statute law revision
                  (1) In section 3(1) of the Trustee Act 1958, the
                      definitions of "building society" and "securities
                      payable to bearer" are repealed.
15                (2) In section 3(1) of the Trustee Act 1958, the
                      definitions of "guaranteed certificate" and
                      "recognized institution" are repealed.
                               




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     541213B.I1-20/9/2001                       BILL LA CIRCULATION 20/9/2001
 
 
                                  Trustee (Amendment) Act 2001
Endnotes
                                             Act No.


                                               ENDNOTES




                           By Authority. Government Printer for the State of Victoria.




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           541213B.I1-20/9/2001                                    BILL LA CIRCULATION 20/9/2001

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