Public Trustee Amendment Regulations 2008 (WA)

2888 GOVERNMENT GAZETTE, WA 24 June 2008

JU301*

Public Trustee Act 1941

Public Trustee Amendment Regulations 2008

Made by the Governor in Executive Council.

1.            Citation

These regulations are the Public Trustee Amendment
Regulations 2008.

2.            Commencement

These regulations come into operation as follows:

(a)	regulations 1 and 2 — on the day on which these regulations are published in the Gazette;
(b)	the rest of the regulations — on the day on which Parts 2 to 4 of the Public Trustee and Trustee Companies Legislation Amendment Act 2008 come into operation.

3.            The regulations amended

The amendments in these regulations are to the Public Trustee Regulations 1942.
4.	Regulations 6, 6AA, 6A and 7 repealed Regulations 6, 6AA, 6A and 7 are repealed.
5.	Regulation 6 inserted After regulation 5 the following regulation is inserted —

44  

6.            Matters to be dealt with in written agreement

For the purposes of section 6B(1) of the Act, the following matters are prescribed —

(a)	the determination of a scale of fees under section 38A(1) of the Act;
(b)	the proportion of fees received by the Public Trustee to be credited to the Consolidated Account;
(c)	the establishment of reserve funds;

24 June 2008 GOVERNMENT GAZETTE, WA 2889

(d)	the moneys to be credited to reserve funds;
(e)	the circumstances in which moneys may be transferred to or from a reserve fund;

(1) the uses to which moneys in a reserve fund may

be put;

(g)	the fixing of the rate or rates of Common Account interest;
(h)	the establishment and operation of strategic common accounts.

6.            Regulation 10A amended

Regulation 1OA is amended by deleting "$5002" and inserting instead -

" $1500.

7.            First Schedule amended

(1)	The First Schedule Form 3 is amended by deleting "S 10 000." and inserting instead -
44

the prescribed amount within the meaning given in

section 14(6) of the Public Trustee Act 1941,

(2)	The First Schedule Form 3A is amended by deleting 10 000' and inserting instead -
"

the prescribed amount within the meaning given in

section 14(6) of the Public Trustee Act 1941 ',

(3)	The First Schedule Form 3B is amended by deleting "$10 000" and inserting instead -
44 the prescribed amount within the meaning given in section 14(6) of the Public Trustee Act 1941
(4)	The First Schedule Form 4 is amended by deleting "the sum of $10 000" and inserting instead -
"

the prescribed amount within the meaning given in

section 14(6) of the Public Trustee Act 1941 ',

(5) The First Schedule Form 7 is amended as follows:

(a) in the heading by deleting "COMMON FUND" and

inserting instead -
" COMMON ACCOUNT ";

2890 GOVERNMENT GAZETTE, WA 24 June 2008

(b) by deleting "Public Trustee Common Fund" and

inserting instead —
" Public Trustee Common Account ".

8.            Second Schedule repealed

The Second Schedule is repealed.

By Command of the Governor,

M. C. WAUCHOPE, Clerk of the Executive Council.