Page 2220 - Week 07 - Thursday, 17 June 1993

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MADAM SPEAKER, THIS BILL CONTAINS A SIMPLE AMENDMENT TO THE TRUSTEE COMPANIES ACT 1947, AND IS PURELY TECHNICAL IN NATURE.

IT PROVIDES FOR THE CHANGING OF NAME BY A TRUSTEE COMPANY IN THE A.C.T.

THE TRUSTEE COMPANIES ACT 1947 PROVIDES THAT WHERE A TRUSTEE COMPANY IS NAMED EXPRESSLY OR Bbl IMPLICATION AS EXECUTOR IN THE LAST WILL AND TESTAMENT OR IN THE CODICIL TO THE LAST WILL AND TESTAMENT OF ANY TESTATOR, OR WHERE THE EXECUTOR OF A WILL GIVES IT AUTHORISATION TO DO SO, THAT COMPANY MAY ACT AS EXECUTOR, AND MAY APPLY FOR, AND OBTAIN, PROBATE OF THE WILL OF THE TESTATOR AND PERFORM AND DISCHARGE ALL THE ACTS AND DUTIES OF AN EXECUTOR.

UNDER THE ACT A "TRUSTEE COMPANY" IS DEFINED-AS A COMPANY WHICH IS INCORPORATED IN THE TERRITORY AND SPECIFIED IN SCHEDULE 1 TO THE ACT OR, IF IT IS INCORPORATED ELSEWHERE, A

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