Trustee Companies Regulations 2016
I, the Governor in and over the State of Tasmania and its Dependencies in the Commonwealth of Australia, acting with the advice of the Executive Council, make the following regulations under the Trustee Companies Act 1953 .
19 September 2016C. WARNER
Governor
By Her Excellency's Command,
DR VANESSA GOODWIN
Minister for Justice
These regulations may be cited as the Trustee Companies Regulations 2016 .
These regulations take effect on 27 September 2016.
In these regulations –Act means the Trustee Companies Act 1953 .
4. Prescribed amounts under section 10A of Act
(1) For the purposes of section 10A(1)(c) of the Act, the prescribed amount is $80 000.(2) For the purposes of section 10A(6)(a) of the Act, the prescribed amount is $85 000.
Displayed and numbered in accordance with the Rules Publication Act 1953.
Notified in the Gazette on 27 September 2016
These regulations are administered in the Department of Justice.
EXPLANATORY NOTE
(This note is not part of the regulation)
For the purposes of the Trustee Companies Act 1953 , these regulations –(a) prescribe certain amounts relating to an election to administer small estates under that Act; and(b) are made consequentially on the repeal of the Trustee Companies Regulations 2006 under section 11 of the Subordinate Legislation Act 1992 .