TRUSTEE COMPANIES ACT 1987
Table of Provisions
PART I -- Preliminary
- 1 Short title
- 2 Commencement
- 3 Terms used
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 grant of probate or administration
- 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 Executor etc. may appoint trustee company to act instead
- 15 Executor etc. may appoint trustee company to discharge duties
- 16 Who may represent trustee company in court etc.
- 17 Trustee company may be removed from office etc. as executor etc.
- 27 Unclaimed estate property, how trustee company to deal with
PART III -- Transfer of estate assets and liabilities
Division 1 -- Preliminary
- 28 Terms used in Corporations Act have the same meaning in this Part
Division 2 -- Compulsory transfers
- 29 Compulsory transfer if trustee company’s licence cancelled
- 30 Certificates evidencing operation of this Division
- 31 Registration or record of transfer
- 32 Exemption from State tax
Division 3 -- Voluntary transfers
- 33 Voluntary transfers, regulations about
Division 4 -- Relationship of Part with other laws
- 34 Relationship of Part with other laws
PART VII -- Miscellaneous
- 38 Trust funds held by trustee company may be pooled for investment
- 41 Costs of applications made under this Act
- 43 False or misleading statements in documents
- 44 Criminal liability of trustee company officers
- 45 Regulations
PART VIII -- Transitional provisions for the Trustee Companies (Commonwealth Regulation) Amendment Act 2011
- 46 Term used: amending Act
- 47 Transitional provisions
- 48 Regulations for transitional matters
Defined terms