Trustee Companies Regulations 1989 (SA)

South Australia

Trustee Companies Regulations 1989

under the Trustee Companies Act 1988

Contents

1. Short title

2. Commencement

3. Interpretation

4. Returns to be made by trustee company

5. Information for prospective investors in common funds

Schedule—Trustee company statement

Legislative history

1—Short title

These regulations may be cited as the Trustee Companies Regulations 1989.

2—Commencement

These regulations will come into operation on 20 April, 1989.

3—Interpretation

In these regulations—

the Act means the Trustee Companies Act 1988.

4—Returns to be made by trustee company

For the purposes of section 17(1) of the Act—

(a)February and September are the prescribed months;

(b)the form set out in the Schedule is the prescribed form.

5—Information for prospective investors in common funds

For the purposes of section 20(2)(b) of the Act, money is received by a trustee company for investment in a common fund in prescribed circumstances if—

(a)the money is received within 6 months of the commencement of these regulations; or

(b)the investor has been furnished with a prospectus that—

(i)has been registered pursuant to the Companies (South Australia) Code; and

(ii)contains the information specified in section 20(3)(a) of the Act; and

(iii)contains a statement to the effect that copies of the documents referred to in section 20(3)(b) and (c) of the Act are available for inspection upon request to the company.

Schedule—Trustee company statement

(Section 17(1) of Act)

Legislative history

Notes

•For further information relating to the Act and subordinate legislation made under the Act see the Index of South Australian Statutes.

Revocation of regulations

The Trustee Companies Regulations 1989 were revoked by Sch 2 cl 1 of the Trustee Companies Regulations 2004 on 19.8.2004.

Principal regulations and variations

Year	No	Reference	Commencement
1989	53	Gazette 20.4.1989 p1112	20.4.1989: r 2
1999	143	Gazette 1.7.1999 p55	1.7.1999: r 2
2003	147	Gazette 12.6.2003 p2500	12.6.2003: r 2

Provisions varied

Provision	How varied	Commencement
Sch	heading substituted by 147/2003 Sch 1	12.6.2003
Sch
cl 2	varied by 143/1999 r 3 (Sch cl 26)	1.7.1999
cl 6	varied by 143/1999 r 3 (Sch cl 26)	1.7.1999