Trustee Companies Regulation 2022 (NSW)

1Name of Regulation

This Regulation is the Trustee Companies Regulation 2022.

2Commencement

This Regulation commences on the day on which it is published on the NSW legislation website.

Note—

This Regulation repeals and replaces the Trustee Companies Regulation 2016, which would otherwise be repealed on 1 September 2022 by the Subordinate Legislation Act 1989, section 10(2).

3Definition

In this Regulation—

the Act means the Trustee Companies Act 1964.

Note—

The Act and the Interpretation Act 1987 contain definitions and other provisions that affect the interpretation and application of this Regulation.

4Prescribed amounts—the Act, ss 15A and 15AA

For the Act, sections 15A(1)(a) and 15AA(1)(c), the amount of $100,000 is prescribed.

5Notices—the Act, s 15AD(1)

For the Act, section 15AD(1), a notice of an election under the Act, section 15A or 15AA must be published—

• (a)

  if the deceased person resided in New South Wales at the time of the person’s death—in a newspaper circulating in the area in which the person resided, or

• (b)

  otherwise—in a newspaper circulating in Sydney.

(2)

For the Act, section 15AD(2), a notice of an election under the Act, section 15A or 15AA or a notice under the Act, section 15AB must state that an election has been made.

6Repeal and saving(1)

The Trustee Companies Regulation 2016 is repealed.

(2)

An act, matter or thing that, immediately before the repeal of the Trustee Companies Regulation 2016, had effect under that Regulation continues to have effect under this Regulation.

Historical notesTable of amending instruments

Trustee Companies Regulation 2022 (453). LW 12.8.2022. Date of commencement, on publication on LW, sec 2.