Trustee Companies Regulation 2022 (2022-453) (NSW)

Trustee Companies Regulation 2022

1 Name of Regulation This Regulation is the Trustee Companies Regulation 2022.

2 Commencement This Regulation commences on the day on which it is published on the NSW legislation website.

Note— This Regulation repeals and replaces the Trustee Companies Regulation 2016, which would otherwise be repealed on 1 September 2022 by the Subordinate Legislation Act 1989, section 10(2).

3 Definition In this Regulation— the Act means the Trustee Companies Act 1964.

Note— The Act and the Interpretation Act 1987 contain definitions and other provisions that affect the interpretation and application of this Regulation.

4 Prescribed amounts—the Act, ss 15A and 15AA For the Act, sections 15A(1)(a) and 15AA(1)(c), the amount of $100,000 is prescribed.

5 Notices—the Act, s 15AD (1) For the Act, section 15AD(1), a notice of an election under the Act, section 15A or 15AA must be published— (a) if the deceased person resided in New South Wales at the time of the person's death—in a newspaper circulating in the area in which the person resided, or (b) otherwise—in a newspaper circulating in Sydney. (2) For the Act, section 15AD(2), a notice of an election under the Act, section 15A or 15AA or a notice under the Act, section 15AB must state that an election has been made.

6 Repeal and saving (1) The Trustee Companies Regulation 2016 is repealed. (2) An act, matter or thing that, immediately before the repeal of the Trustee Companies Regulation 2016, had effect under that Regulation continues to have effect under this Regulation.