CORPORATIONS ACT 2001

CHAPTER 5D - LICENSED TRUSTEE COMPANIES  

PART 5D.1 - PRELIMINARY  

SECTION 601RAA   601RAA   DEFINITIONS  


In this Chapter:

client ,
in relation to a trustee company, has the meaning given by subsection 601RAB(3) .

estate management functions
has the meaning given by subsection 601RAC(2) .

estate that is administered or managed ,
in relation to a trustee company, means all or any of the estate of a person (whether living or dead) that is administered or managed by the trustee company in the course of performing estate management functions.

fees
means fees in the nature of remuneration (including commission).

law
means a law of the Commonwealth or of a State or Territory, and includes a rule of common law or equity.

licensed trustee company
means a trustee company that holds an Australian financial services licence covering the provision of one or more traditional trustee company services.

Note: Traditional trustee company services are financial services for the purpose of Chapter 7 : see subsection 766A(1A) .

person with a proper interest ,
in relation to an estate, has the meaning given by section 601RAD .

publish :
if the regulations prescribe requirements to be complied with in relation to an obligation in a provision of this Part to publish something, publish (in that provision) means publish in accordance with those requirements.

traditional trustee company services
has the meaning given by subsection 601RAC(1) .

trustee company
has the meaning given by section 601RAB .

will
includes a codicil and any other testamentary writing.


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