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TRUSTEE COMPANIES ACT 1988 - NOTES

Legislative history

Notes

• Please note—References in the legislation to other legislation or instruments or to titles of bodies or offices are not automatically updated as part of the program for the revision and publication of legislation and therefore may be obsolete.

• Earlier versions of this Act (historical versions) are listed at the end of the legislative history.

• For further information relating to the Act and subordinate legislation made under the Act see the Index of South Australian Statutes or www.legislation.sa.gov.au.

Legislation repealed by principal Act

The Trustee Companies Act 1988 repealed the following:

ANZ Executors & Trustee Company (South Australia) Limited Act 1985

Bagot's Executor Company Act 1910

Elder's Executor Company's Act 1910

Executors Company's Act 1885

Farmers' Co-operative Executors Act 1919

Principal Act and amendments

New entries appear in bold.

Year

No

Title

Assent

Commencement

1988

102

Trustee Companies Act 1988

15.12.1988

20.4.1989 (Gazette 20.4.1989 p1080)

1990

73

Trustee Companies Act Amendment Act 1990

20.12.1990

31.10.1991 (Gazette 31.10.1991 p1198)

1993

92

Statutes Amendment (Attorney-General's Portfolio No. 2) Act 1993

4.11.1993

4.11.1993

1996

78

ANZ Executors & Trustee Company (South Australia) Limited (Transfer of Business) Act 1996

28.11.1996

1.1.1997 (Gazette 19.12.1996 p1918)

1999

56

Statutes Amendment (Trusts) Act 1999

12.8.1999

Pt 3 (ss 8—14) & Sch—18.10.1999 (Gazette 30.9.1999 p1341)

2000

23

Statutes Amendment (Public Trustee and Trustee Companies—GST) Act 2000

8.6.2000

8.6.2000

2001

23

Statutes Amendment (Corporations) Act 2001

14.6.2001

Pt 32 (ss 119—121)—15.7.2001 being the day on which the Corporations Act 2001 of the Commonwealth came into operation: Commonwealth of Australia Gazette No. S 285, 13 July 2001 (Gazette 21.6.2001 p2270)

2002

33

Statutes Amendment (Attorney-General's Portfolio) Act 2002

28.11.2002

Pt 12 (s 20)—3.3.2003 (Gazette 27.2.2003 p807)

2005

36

Trustee Companies (Elders Trustees Limited) Amendment Act 2005

14.7.2005

15.8.2005 (Gazette 11.8.2005 p3012)

2006

44

Statutes Amendment (Justice Portfolio) Act 2006

14.12.2006

Pt 31 (s 67)—18.1.2007 (Gazette 18.1.2007 p234)

2010

12

Trustee Companies (Commonwealth Regulation) Amendment Act 2010

5.8.2010

Pt 2 (ss 4—17) & Sch 1 (cll 8 & 9)—20.12.2010 (Gazette 9.12.2010 p5580)

Provisions amended

New entries appear in bold.

Entries that relate to provisions that have been deleted appear in italics.

Provision

How varied

Commencement

Long title

amended by 12/2010 s 4(1), (2)

20.12.2010

Pt 1



s 2

omitted under Legislation Revision and Publication Act 2002

15.8.2005

s 3



s 3(1)

s 3 redesignated as s 3(1) by 56/1999 s 8(b)

18.10.1999

appointment

inserted by 12/2010 s 5(1)

20.12.2010

business day

deleted by 12/2010 s 5(1)

20.12.2010

common fund

deleted by 12/2010 s 5(1)

20.12.2010

Commonwealth Act

inserted by 12/2010 s 5(1)

20.12.2010

investor

deleted by 12/2010 s 5(2)

20.12.2010

person who has a proper interest or person with a proper interest

inserted by 56/1999 s 8(a)

18.10.1999


deleted by 12/2010 s 5(3)

20.12.2010

trustee company

substituted by 12/2010 s 5(4)

20.12.2010

s 3(2) and (3)

inserted by 56/1999 s 8(b)

18.10.1999

Pt 2



s 9

deleted by 12/2010 s 6

20.12.2010

s 10 before deletion by 12/2010



s 10(1)

amended by 56/1999 s 9(a)

18.10.1999

s 10(2)

amended by 56/1999 s 9(b)

18.10.1999

s 10(2a)

inserted by 56/1999 s 9(c)

18.10.1999

s 10(4)—(6)

inserted by 56/1999 s 9(d)

18.10.1999

ss 10—12

deleted by 12/2010 s 6

20.12.2010

s 13

amended by 12/2010 s 7

20.12.2010

s 15 before deletion by 12/2010



s 15(2)

substituted by 56/1999 s 10(a)

18.10.1999

s 15(3a)

inserted by 56/1999 s 10(b)

18.10.1999

s 15

deleted by 12/2010 s 8

20.12.2010

ss 15A and 15B

inserted by 56/1999 s 11

18.10.1999


deleted by 12/2010 s 8

20.12.2010

s 16

amended by 23/2001 s 119

15.7.2001


amended by 12/2010 s 9

20.12.2010

s 16A

inserted by 23/2000 s 4

8.6.2000


deleted by 12/2010 s 10

20.12.2010

Pt 3



s 17 before deletion by 12/2010



s 17(1)

amended by 56/1999 s 14 (Sch)

18.10.1999

s 17

deleted by 12/2010 s 11

20.12.2010

s 18 before deletion by 12/2010 s 11



s 18(2) and (4)

amended by 56/1999 s 14 (Sch)

18.10.1999

s 18

deleted by 12/2010 s 11

20.12.2010

s 19 before deletion by 12/2010



s 19(1)

amended by 56/1999 s 14 (Sch)

18.10.1999

s 19(2)

amended by 56/1999 s 14 (Sch)

18.10.1999


amended by 23/2001 s 120(a)

15.7.2001

s 19(2a)

inserted by 56/1999 s 12(a)

18.10.1999

s 19(3)

amended by 56/1999 s 12(b)

18.10.1999

s 19(4)



financial year

amended by 23/2001 s 120(b)

15.7.2001

registered company auditor

substituted by 23/2001 s 120(c)

15.7.2001

s 19

deleted by 12/2010 s 11

20.12.2010

s 20 before deletion by 12/2010 s 11



s 20(1)

amended by 56/1999 s 14 (Sch)

18.10.1999

s 20(3)

amended by 23/2001 s 121

15.7.2001

s 20

deleted by 12/2010 s 11

20.12.2010

s 21 before deletion by 12/2010



s 21(1)

amended by 56/1999 s 14 (Sch)

18.10.1999

ss 21 and 22

deleted by 12/2010 s 11

20.12.2010

Pt 3A

inserted by 12/2010 s 12

20.12.2010

Pt 4



s 26

amended by 56/1999 s 14( Sch)

18.10.1999

s 27

deleted by 12/2010 s 13

20.12.2010

s 30

deleted by 12/2010 s 14

20.12.2010

s 31



s 31(2)

amended by 56/1999 s 14 (Sch)

18.10.1999


substituted by 12/2010 s 15

20.12.2010

s 31(3) and (4)

inserted by 12/2010 s 15

20.12.2010

Sch 1

amended by 73/1990 s 3

31.10.1991


amended by 92/1993 s 5

4.11.1993


amended by 78/1996 Sch

1.1.1997


amended by 56/1999 s 13

18.10.1999


amended by 33/2002 s 20

3.3.2003


amended by 36/2005 s 4

15.8.2005


amended by 44/2006 s 67(1)—(4)

18.1.2007


deleted by 12/2010 s 16

20.12.2010

Sch 2

deleted by 12/2010 s 17

20.12.2010

Transitional etc provisions associated with Act or amendments

Trustee Companies (Commonwealth Regulation) Amendment Act 2010, Sch 1 Pt 5

8—Interpretation

In this Part—

appointment includes nomination;

Commonwealth Act means the Corporations Act 2001 of the Commonwealth;

principal Act means the Trustee Companies Act 1988;

Schedule 1 trustee company means a company listed in Schedule 1 of the principal Act immediately before the repeal of that Schedule by Part 2 of this Act.

9—Transitional provision

(1) The repeal of Schedule 1 of the principal Act by Part 2 of this Act does not affect the appointment of a Schedule 1 trustee company made before the repeal as—

(a) the executor of a will, or the administrator of an estate of a deceased person; or

(b) a trustee, agent, attorney, manager or receiver; or

(c) the guardian of a child; or

(d) the administrator, committee, guardian or manager of the estate of a person who is unable to manage his or her own affairs.

(2) Except to the extent of any inconsistency with the Commonwealth Act—

(a) any duties, obligations, immunities, rights and privileges of a Schedule 1 trustee company arising before the repeal of that Schedule are not affected by the repeal; and

(b) the assets and liabilities of a Schedule 1 trustee company are not affected by the repeal; and

(c) any action taken or notice given by a Schedule 1 trustee company before the repeal of that Schedule or the amendment of the principal Act by this Act is not affected by the repeal or amendment; and

(d) the principal Act (as amended by this Act) continues to apply to a Schedule 1 trustee company.

(3) Proceedings relating to a Schedule 1 trustee company that have been commenced but not determined before the repeal of that Schedule are not affected by the repeal.

Historical versions

Reprint No 1—15.1.1992


Reprint No 2—4.11.1993


Reprint No 3—1.1.1997


Reprint No 4—18.10.1999


Reprint No 5—8.6.2000


Reprint No 6—15.7.2001


Reprint No 7—3.3.2003


15.8.2005


18.1.2007




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