CORPORATIONS ACT 2001

CHAPTER 5D - LICENSED TRUSTEE COMPANIES  

PART 5D.2 - POWERS ETC. OF LICENSED TRUSTEE COMPANIES  

Division 2 - Accounts  

SECTION 601SBA   LICENSED TRUSTEE COMPANY NOT REQUIRED TO FILE ACCOUNTS  

601SBA(1)   [ When acting alone]  

A licensed trustee company, when acting alone in relation to any estate of a deceased person, is not required to file, or file and pass, accounts relating to the estate unless the Court, of its own motion or on application by or on behalf of a person with a proper interest in the estate, so orders.

601SBA(2)   [ When acting jointly]  

If a licensed trustee company is appointed and acts jointly with any other person in relation to any estate of a deceased person, the trustee company and that other person are not required to file, or file and pass, accounts relating to the estate unless:

(a) that other person intends to charge fees for acting in relation to the estate; or

(b) the Court, of its own motion or on application by or on behalf of a person with a proper interest in the estate, so orders.