NSW Trustee and Guardian Regulation 2017 (2017-446) (NSW)

NSW Trustee and Guardian Regulation 2017

Part 1 Preliminary

1 Name of Regulation This Regulation is the NSW Trustee and Guardian Regulation 2017.

2 Commencement This Regulation commences on 1 September 2017 and is required to be published on the NSW legislation website.

Note— This Regulation replaces the NSW Trustee and Guardian Regulation 2008, which is repealed on 1 September 2017 by section 10 (2) of the Subordinate Legislation Act 1989.

3 Definition (1) In this Regulation— the Act means the NSW Trustee and Guardian Act 2009.

Note— The Act and the Interpretation Act 1987 contain definitions and other provisions that affect the interpretation and application of this Regulation. (2) Notes included in this Regulation do not form part of this Regulation.

Part 2 Costs

Division 1 Interpretation

4 Definitions In this Part— estate includes trust or fund. GST has the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999 of the Commonwealth. trustee includes an administrator or executor or any other person acting in a similar fiduciary capacity. value means— (a) in relation to a managed person's estate (other than a managed missing person), the gross amount of the value of the assets (whether real or personal) of the estate without deduction of debts or liabilities secured or unsecured, but does not include the value of the person's principal place of residence, or (b) in relation to a managed missing person's estate, the gross amount of the value of the assets (whether real or personal) of the estate without deduction of debts or liabilities secured or unsecured, but does not include the value of the person's last known principal place of residence.

Note— Costs is defined in the Act to include fees, charges, commission, disbursements, expenses and remuneration.