Western Australian Consolidated Acts

TRUSTEE COMPANIES ACT 1987

TABLE OF PROVISIONS

           Long Title

   PART I -- Preliminary  

   1.      Short title  
   2.      Commencement  
   3.      Terms used in this Act  
   4.      Application  

   PART II -- Powers and duties of trustee companies  

   5.      Trustee company may act as executor and obtain probate  
   6.      Person entitled to probate may authorise trustee company to obtain administration with will annexed  
   7.      Person entitled to administration with will annexed may authorise trustee company to obtain administration with will annexed  
   8.      Person entitled to administration on intestacy may authorise trustee company to obtain administration  
   9.      Trustee company may act as administrator  
   10.     Trustee company may elect to administer small estates without order  
   11.     Rights of interested persons not prejudiced by grant to trustee company  
   12.     Trustee company may be appointed trustee, receiver etc.  
   13.     Trustee company may act under power of attorney  
   14.     Trustee company may be appointed attorney to act as temporary executor, administrator or trustee  
   15.     Holder of certain offices may appoint trustee company to discharge duties  
   16.     Directors and others may represent trustee company  
   17.     Removal from office of executor or administrator  

   PART III -- Commissions and other charges  

   18.     Commissions and other charges  
   18A.    Fees for preparation of wills and enduring powers of attorney  

   PART IV -- Estate Common Trust Funds and Investment Common Trust Funds  

   19.     Estate Common Trust Funds  
   20.     Investment Common Trust Funds  
   20A.    Fees and commissions -- effect of GST etc.  
   21.     Application of Corporations Act to Common Trust Funds  
   22.     Misleading statements as to Investment Common Trust Funds  
   23.     Orders prohibiting publication of statements concerning Investment Common Trust Funds  

   PART V -- Financial duties of trustee companies  

   24.     Separate accounts of each estate to be kept  
   25.     Accounts to be provided  
   26.     Court may order examination  
   27.     Unclaimed money and property  
   28.     Treasurer may obtain order for account  
   29.     Borrowing by trustee companies  
   30.     Loans from estates to related bodies prohibited  
   31.     No estate to be liable under guarantee from trustee company except as given on behalf of estate  
   32.     Trustee company to give information to Minister where directed  
   33.     Returns to be made by trustee company  
   34.     Audit requirements  

   PART VI -- Acquisition of shares in trustee companies  

   35.     Restriction on acquisition of shares  
   36.     Acquisitions to which section 35 does not apply  
   37.     Orders where prohibited acquisitions take place  

   PART VII -- Miscellaneous  

   38.     Contributory investments  
   39.     Property vested in trustee company and another to be held jointly  
   40.     Restriction on voluntary winding up of trustee company  
   41.     Orders as to costs  
   42.     Trustee company entitled to recover moneys paid under the Financial Institutions Duty Act 1983  
   43.     False or misleading statements  
   44.     Offences by officers  
   45.     Regulations  
   46.     Repeals  
   47.     Transitional provisions and savings  
           SCHEDULE 1 -- Trustee companies  
           SCHEDULE 2  
           SCHEDULE 3  
           Compilation table
           
[Reprinted under the Reprints Act 1984 as at 10 October 2008]