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TRUSTEE COMPANIES AMENDMENT BILL 1993

      Queensland




TRUSTEE COMPANIES
AMENDMENT BILL 1993

 


 

Queensland TRUSTEE COMPANIES AMENDMENT BILL 1993 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 Amended Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4 Amendment of s.36 (Common funds) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Amendment of s.37 (Contributory investments) . . . . . . . . . . . . . . . . . . . . . . 4 6 Amendment of s.50 (Filing and passing accounts by trustee company) . . . 4 7 Omission of s.72 (Power to amend Schedules) . . . . . . . . . . . . . . . . . . . . . . . 5 8 Omission of s.74 (Trustee companies that are subsidiary corporations to be guaranteed) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 9 Amendment of Schedule 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

 


 

 

1993 A BILL FOR An Act to amend the Trustee Companies Act 1968

 


 

4 Trustee Companies Amendment BE IT ENACTED by the Queen's Most Excellent Majesty, by and with 1 the advice and consent of the Legislative Assembly of Queensland in 2 Parliament assembled, and by the authority of the same, as follows. 3 title 4 Short This Act may be cited as the Trustee Companies Amendment Act 5 Clause1. 1993. 6 7 Commencement This Act commences on a day to be fixed by proclamation. 8 Clause2. Act 9 Amended The Trustee Companies Act 1968 is amended as set out in this Act. 10 Clause3. of s.36 (Common funds) 11 Amendment Clause4. Section 36(4)(a)-- 12 omit `The Trustees and Executors Acts 1897 to 1964,', 13 insert `the Trusts Act 1973'. 14 of s.37 (Contributory investments) 15 Amendment Clause5. Section 37(2)(a)-- 16 omit `The Trustees and Executors Acts 1897 to 1964', 17 insert `the Trusts Act 1973'. 18 of s.50 (Filing and passing accounts by trustee company) 19 Amendment Section 50(3)-- 20 Clause6. omit all words from `duly audited' to `that accountant', 21 insert `audited by a registered company auditor (within the meaning of 22

 


 

5 Trustee Companies Amendment the Corporations Law), the account may be passed on the production of a 1 certificate by the auditor'. 2 of s.72 (Power to amend Schedules) 3 Omission Section 72-- 4 Clause7. omit. 5 of s.74 (Trustee companies that are subsidiary corporations 6 Omission to be guaranteed) 7 Section 74-- 8 Clause8. omit. 9 of Schedule 2 10 Amendment Schedule 2, Part 1 (after `ANZ Executors & Trustee Company 11 Clause9.(1) Limited')-- 12 insert `National Australia Trustees Limited'. 13 (2) Schedule 2, Part 2 (after provisions under heading `ANZ 14 EXECUTORS & TRUSTEE COMPANY LIMITED')-- 15 insert-- 16 `NATIONAL AUSTRALIA TRUSTEES LIMITED 17 `The paid-up capital of the company must be at least $2 500 000.'. 18 19 © State of Queensland 1993

 


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