(cf PT Act, s 54)
An association, corporation or other person must, on or as soon as is
reasonably practicable after becoming aware of the vesting of the estate of a
deceased person in the NSW Trustee, notify the NSW Trustee of the following
matters--
(a) any property of the deceased person that is in the possession of the association, corporation or other person,
(b) any amount owed to the deceased person by the association, corporation or other person,
(c) any share of the deceased person in the assets of a partnership,
(d) in the case of a corporation, any shares held by the deceased person in the corporation,
(e) in the case of an association, any entitlement of the deceased person to the assets of the association.
: Maximum penalty--10 penalty units.