Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 5D.1.01A

Meaning of trustee company

             (1)  For subsection 601RAB(1) of the Act, a company that is listed in Schedule 8AA is a trustee company for the purpose of the Act.

             (2)  A company that performs the function of the Public Trustee of a State or Territory may only be listed in Schedule 8AA if:

                     (a)  the State or Territory requests the Minister to prescribe the company as a trustee company; and

                     (b)  the Minister agrees to the request.



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