Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) The Code, other than sections 76 to 81, does not apply to a public official or a public body authorised by any law or court to administer a person's estate, to the extent that the public official or public body is providing credit to the person's estate, whether or not the person is deceased.
(2) In this regulation:
"estate" includes trust property.
"public body" includes a corporation owned or controlled by:
(a) the Commonwealth; or
(b) a State or Territory; or
(c) an authority of the Commonwealth or a State or Territory.
Note: Section 203B of the Code provides, among other things, that the regulations may exempt a person or a class of persons from all or specified provisions of the Code.