Trustee Companies Regulation 2005 (NSW)

1Name of Regulation

This Regulation is the Trustee Companies Regulation 2005.

2Commencement

This Regulation commences on 1 September 2005.

Note—

This Regulation replaces the Trustee Companies Regulation 2000 which is repealed on 1 September 2005 by section 10 (2) of the Subordinate Legislation Act 1989.

3Definitions(1)

In this Regulation:

the Act means the Trustee Companies Act 1964.

(2)

Notes included in this Regulation do not form part of this Regulation.

(3)

(Repealed)

4Small estates(1)

For the purposes of sections 15A and 15AA of the Act, a trustee company may file an election to administer an estate if the gross value of the estate in New South Wales is less than $100,000.

(2)

A notice of an election under section 15A or 15AA of the Act, or a notice under section 15AB of the Act, must state that the election has been made and may contain any other particulars of the election that the trustee company thinks fit.

(3)

A notice of an election under section 15A or 15AA of the Act must be published:

• (a)

  if the deceased person resided in New South Wales at the date of death—in a newspaper circulating in the area where the deceased resided, or

• (b)

  in any other case—in a Sydney daily newspaper.

(4)

This clause is taken to have commenced on 1 July 2009.

5–8

(Repealed)

Schedules 1, 2

(Repealed)