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TRUSTEE COMPANIES ACT 1984 - SECT 4 Definitions

TRUSTEE COMPANIES ACT 1984 - SECT 4

Definitions

    (1)     In this Act unless inconsistent with the context or subject-matter—

S. 4(1) def. of bank substituted as authorised deposit-taking institution by No. 11/2001 s. 3(Sch. item 82.1(a)), repealed by No. 17/2010 s. 3(1)(a).

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S. 4(1) def. of Commission-er repealed by No. 17/2010 s. 3(1)(a).

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S. 4(1) def. of corporation amended by No. 44/2001 s. 3(Sch. item 118.1(a)), repealed by No. 17/2010 s. 3(1)(a).

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S. 4(1) def. of domestic partner inserted by No. 27/2001 s. 8(Sch. 6 item 8.1), substituted by No. 12/2008 s. 73(1)(Sch.  1 item 62.1).

"domestic partner" of a person means—

        (a)     a person who is in a registered relationship with the person; or

        (b)     an adult person to whom the person is not married but with whom the person is in a relationship as a couple where one or each of them provides personal or financial commitment and support of a domestic nature for the material benefit of the other, irrespective of their genders and whether or not they are living under the same roof, but does not include a person who provides domestic support and personal care to the person—

              (i)     for fee or reward; or

              (ii)     on behalf of another person or an organisation (including a government or government agency, a body corporate or a charitable or benevolent organisation);

"estate" includes all real and personal property of whatever nature or kind committed to the administration or management of a trustee company;

S. 4(1) def. of financial institution amended by Nos 46/1998

s. 7(Sch. 1), 11/2001 s. 3(Sch. item 82.1(b)), repealed by No. 17/2010 s. 3(1)(a).

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"gross value" means—

        (a)     in relation to an estate (other than an estate or any part of an estate in relation to which there is a perpetual trust) the aggregate of—

              (i)     the actual amount paid out of an estate in the due course of administration or management from capital for debts, duties, liabilities and administration expenses and to or on behalf of beneficiaries; and

              (ii)     the amount of the value at the time of distribution or appropriation of any assets distributed or appropriated in specie to any beneficiary without deduction of any liabilities; or

        (b)     in relation to the whole or part of an estate in relation to which there is a perpetual trust—the value at the time the whole or part of the estate is committed to the trustee company without deduction of any liabilities;

S. 4(1) def. of insurance company repealed by No. 17/2010 s. 3(1)(a).

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"manager" includes acting manager;

"managing director" includes acting managing director;

S. 4(1) def. of nominee corporation amended by No. 44/2001 s. 3(Sch. item 118.1(a)), substituted by No. 9/2002 s. 3(Sch. item 15.1), repealed by No. 17/2010 s. 3(1)(a).

    *     *     *     *     *

"prescribed" means prescribed by this Act or the regulations;

S. 4(1) def. of reserve fund amended by No. 76/1988 s. 4, repealed by No. 17/2010 s. 3(1)(a).

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S. 4(1) def. of related corporation substituted by No. 44/2001 s. 3(Sch. item 118.1(b)), repealed by No. 17/2010 s. 3(1)(a).

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S. 4(1) def. of spouse inserted by No. 27/2001 s. 8(Sch. 6 item 8.1).

"spouse" of a person means a person to whom the person is married;

S. 4(1) def. of State Trustees inserted by No. 17/2010 s. 3(1)(b).

"State Trustees" has the same meaning as in the State Trustees (State Owned Company) Act 1994 ;

S. 4(1) def. of subordinated loan repealed by No. 17/2010 s. 3(1)(a).

    *     *     *     *     *

S. 4(1) def. of

trustee company substituted by No. 17/2010 s. 3(1)(c).

"trustee company" means—

        (a)     a licensed trustee company within the meaning of section 601RAA of the Corporations Act; or

        (b)     State Trustees;

S. 4(1) def. of voting shares amended by No. 44/2001 s. 3(Sch. item 118.1(a)), repealed by No. 17/2010 s. 3(1)(a).

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"will" includes codicil and any other testamentary disposition.

S. 4(2) repealed by No. 17/2010 s. 3(2).

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S. 4(3) substituted by No. 44/2001 s. 3(Sch. item 118.2), repealed by No. 17/2010 s. 3(2).

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S. 4(4) amended by No. 46/1998

s. 7(Sch. 1), repealed by No. 17/2010 s. 3(2).

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S. 4(5) inserted by No. 27/2001 s. 8(Sch. 6 item 8.2), substituted by No. 12/2008 s. 73(1)(Sch.  1 item 62.2).

    (5)     For the purposes of the definition of domestic partner in subsection (1)—

        (a)     "registered relationship" has the same meaning as in the Relationships Act 2008 ; and

        (b)     in determining whether persons who are not in a registered relationship are domestic partners of each other, all the circumstances of their relationship are to be taken into account, including any one or more of the matters referred to in section 35(2) of the Relationships Act 2008 as may be relevant in a particular case; and

        (c)     a person is not a domestic partner of another person only because they are co-tenants.

S. 5 amended by Nos 46/1998

s. 7(Sch. 1), 44/2001 s. 3(Sch. items 118.3, 118.4), repealed by No. 17/2010 s. 4.

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Pt 2 (Heading and ss 6–8) amended by Nos 76/1988 ss 5, 6, 46/1998 s. 7(Sch. 1), repealed by No. 17/2010 s. 5.

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Part III—Powers of trustee companies

No. 6402 s. 4.

S. 9

amended by No. 74/2000 s. 3(Sch. 1 item 133).