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Trustee Companies Act 1968 – 22 November 2012

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A company that is a licenced trustee company under section 601RAA of the Corporations Act may act as executor of a will and may apply to the Supreme Court of Queensland for probate of the will (for which the company is executor).

  • Sections 4, 5, 28, 30, 31, 32, 33, 34, 35, 68A

A trustee may in most instances appoint a trustee company that is a licenced trustee company under section 601RAA of the Corporations Act to be trustee in his or her place.

  • Sections 4, 21, 24, 28, 47
Reason for law

N/A

Relevant links

AFS Licensing [Australian Securities & Investments Commission]

Browse Professional Registers

Guardian and Administration Tribunal presidential directions [Queensland Civil and Administrative Tribunal]

Critique

Section 11 contains the phrase ‘Her Majesty’s Dominions’. This phrase may be replaced with a modern alternative.

Section 13 contains the phrase ‘de bonis non’. This phrase may not be understood by members of the public.

Section 28 contains the phrase ‘persons sui juris’. This phrase may not be understood by members of the public.

The content of subsection 49(2) does not relate to the section heading.

Section 70 contains the phrase ‘prima facie’. This phrase may not be understood by members of the public.

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