Trustee Companies Amendment Act 1993 (Qld)

Queensland TRUSTEE COMPANIES AMENDMENT ACT 1993 Act No. 38 of 1993

Queensland TRUSTEE COMPANIES AMENDMENT ACT 1993 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 Amended Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4 Amendment of s.36 (Common funds) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Amendment of s.37 (Contributory investments) . . . . . . . . . . . . . . . . . . . . . . 4 6 Amendment of s.50 (Filing and passing accounts by trustee company) . . . 4 7 Omission of s.72 (Power to amend Schedules) . . . . . . . . . . . . . . . . . . . . . . . 5 8 Omission of s.74 (Trustee companies that are subsidiary corporations to be guaranteed) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 9 Amendment of Schedule 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Queensland Trustee Companies Amendment Act 1993 Act No. 38 of 1993 An Act to amend the Trustee Companies Act 1968 [Assented to 7 September 1993]

4 Trustee Companies Amendment No. 38, 1993 The Parliament of Queensland enacts— ˙ Short title 1. This Act may be cited as the Trustee Companies Amendment Act 1993 . ˙ Commencement 2. This Act commences on a day to be fixed by proclamation. ˙ Amended Act 3. The Trustee Companies Act 1968 is amended as set out in this Act. ˙ Amendment of s.36 (Common funds) 4. Section 36(4)(a)— omit ‘ The Trustees and Executors Acts 1897 to 1964 , ’, insert ‘ the Trusts Act 1973 ’. ˙ Amendment of s.37 (Contributory investments) 5. Section 37(2)(a)— omit ‘ The Trustees and Executors Acts 1897 to 1964 ’, insert ‘ the Trusts Act 1973 ’. ˙ Amendment of s.50 (Filing and passing accounts by trustee company) 6. Section 50(3)— omit all words from ‘ duly audited ’ to ‘ that accountant ’, insert ‘ audited by a registered company auditor (within the meaning of the Corporations Law), the account may be passed on the production of a certificate by the auditor ’.

5 Trustee Companies Amendment ˙ Omission of s.72 (Power to amend Schedules) 7. Section 72— omit . No. 38, 1993 ˙ Omission of s.74 (Trustee companies that are subsidiary corporations to be guaranteed) 8. Section 74— omit . ˙ Amendment of Schedule 2 9.(1) Schedule 2, Part 1 (after ‘ ANZ Executors & Trustee Company Limited ’ )— insert ‘ National Australia Trustees Limited ’. (2) Schedule 2, Part 2 (after provisions under heading ‘ANZ EXECUTORS & TRUSTEE COMPANY LIMITED’ )— insert— ‘NATIONAL AUSTRALIA TRUSTEES LIMITED ‘ The paid-up capital of the company must be at least $2 500 000. ’. The State of Queensland 1993