Western Australia: Public Trustee Act 1941 (WA)

Western Australia Public Trustee Act 1941 Western Australia Public Trustee Act 1941 Contents Part I — Preliminary 1. Short title 1 1A. Object 1 2. Terms used in this Act 1 3. Public Trustee to be successor in law of Curator of Intestate Estates and the Official Trustee 1 Part IA — The Public Trustee 4. Public Trust Office and Public Trustee 1 5. Delegation 1 5A. Judicial notice 1 6. Appointment of staff 1 6A. Use of other government staff etc. 1 6B. Management and performance 1 Part II — Powers and duties of Public Trustee Division 1 — General 7. Appointment of Public Trustee in various capacities 1 Division 2 — Public Trustee as executor or administrator 8. Appointment of Public Trustee as executor 1 9. Pending probate or administration estate of deceased to vest in Public Trustee 1 10. Public Trustee may apply for order for administration of estate of deceased person 1 11. Public Trustee to be preferred to creditor as administrator, in certain cases 1 12. Public Trustee may be appointed to act by executors and administrators 1 12A. Public Trustee's powers on appointment as agent of executor, administrator etc. 1 13. Application for removal of executor or administrator of an estate and for administration by the Public Trustee 1 14. Election to administer estate not exceeding the prescribed amount, without order to administer 1 15. Public Trustee deemed successor of deceased for licensing purposes 1 16. Public Trustee may pay over balance to proper officer etc. 1 17. If property has escheated to the Crown 1 18. Payment to parent etc. of distributive shares of infant children where net amount is under $5 000 1 Division 3 — Public Trustee as trustee 20. Public Trustee may be appointed trustee 1 21. Advisory trustees 1 22. Custodian trustee 1 22A. Public Trustee's powers on appointment as trustee's agent 1 23. Public Trustee may exercise powers under other Acts 1 Division 4 — Estates of represented persons 24. Public Trustee may apply for administration order 1 27. Summary proceedings for the protection of property of represented persons 1 28. Protection of persons dealing with Public Trustee 1 29. Payments by Public Trustee to represented persons or their personal representatives 1 31. Power of Public Trustee to act on certificates issued by proper officers in other jurisdictions 1 32. Public Trustee may open and deliver up wills 1 33. Personal effects of represented persons may be sold 1 Division 5 — Powers and duties of Public Trustee as to moneys subject to court and other orders 37. Investment of moneys under control or subject to order of the Supreme Court 1 Division 6 — Powers and duties of Public Trustee as to uncared for property 37A. Power of Court to authorise Public Trustee to exercise certain powers in respect of uncared‑for property 1 Division 7 — Other services 37B. Term used in this Division 1 37C. Provision of services 1 Part III — Financial 38. Term used in this Part 1 38A. Scale of fees 1 38B. Public Trustee's entitlement to fees and expenses 1 39. Payment of expenses incurred by Public Trustee 1 39A. The Common Account 1 39B. Establishment of strategic common accounts 1 39C. Power to invest moneys 1 39D. Power to invest, and restrictions on investment of, Fund moneys 1 39E. How Fund moneys are to be invested, distributed etc. 1 39F. Records as to Funds 1 40. Power to enter into portfolio management contracts as to Fund investments 1 40A. Power to lease purchased land 1 41. Temporary advances to Public Trustee 1 42. Deficiency in Common Account 1 43. Public Trust Office funds to be Crown property 1 44. Advances for administration purposes or against shares 1 44A. Reserve funds 1 45. Unclaimed moneys to be paid into Consolidated Account 1 46. Minister to have access to books of Public Trustee 1 47. Records and accounts to be kept 1 47A. Fees for preparation of wills and enduring powers of attorney and providing legal services 1 47B. Treasurer's approvals and guidelines 1 48. Application of Financial Management Act 2006 and Auditor General Act 2006 1 Part IV — General 49. General powers of Public Trustee 1 50. Appointment and duties of agent 1 51. No bond required from Public Trustee 1 52. Public Trustee may sue himself in different capacities 1 54. Deposit of wills and other documents 1 55. Inquiries as to property 1 56. Remedy against Public Trustee 1 57. Public Trustee and officers not personally liable except for fraud or crime 1 58. Public Trustee may take opinion of Court 1 59. Certificate of Public Trustee evidence 1 60. Custody of documents 1 61. Registration of titles 1 62. Fees and commissions deemed testamentary expenses 1 63. Public Trustee to have lien on policy moneys for premiums 1 64. Regulations 1 65. Rules of court 1 Sixth Schedule — Purchased land Notes Compilation table 1 Other notes 1 Defined terms Western Australia Public Trustee Act 1941 An Act relating to the appointment of a public trustee, and the powers and duties thereof, and for other purposes. Part I — Preliminary [Heading inserted: No. 9 of 2008 s. 4.] 1. Short title (1) This Act may be cited as the Public Trustee Act 1941. (2) This Act shall come into operation on a day (hereinafter referred to as the appointed day) to be fixed by proclamation. [Section 1 amended: No. 34 of 1962 s. 3; No. 64 of 1968 s. 2; No. 67 of 1979 s. 56; No. 24 of 1990 s. 123.] 1A. Object The object of this Act is to provide community services in respect of trusts, estates and related matters. [Section 1A inserted: No. 9 of 2008 s. 5.] 2. Terms used in this Act In this Act, unless inconsistent with the context or subject matter — administration, a grant of administration and a grant of letters of administration include an order to administer; client means — (a) a beneficiary of the estate of a deceased person which is administered by the Public Trustee; (b) the donor of a power of attorney, including an enduring power of attorney, under which the Public Trustee is the donee or substitute donee; (c) a person who appoints the Public Trustee to be the executor of the person's will; (d) a person on whose behalf moneys are invested in a Fund; (e) a beneficiary of a trust administered by the Public Trustee; (f) a person who has appointed the Public Trustee to act as the person's agent; or (g) a member of a class of persons prescribed by the regulations; Common Account means the account established and continued under section 39A(1); Court means the Supreme Court of Western Australia or a Judge thereof and includes a Registrar when exercising the powers of the Court pursuant to the Administration Act 1903, or Probate and Administration Rules; Curator means the Curator of Intestate Estates constituted under the Curator of Intestate Estates Act 1918 2; current agreement means the agreement entered into under section 6B(1) that is currently in force; estate or estates means any real or personal property under administration or held, managed, or controlled by the Public Trustee in any capacity whatsoever; Fund means the Common Account or a strategic common account; income includes rents and profits; Official Trustee means the Official Trustee appointed under the Official Trustee Act 1921 2; Public Trustee means the Public Trustee under this Act; Registrar of the Supreme Court means a person for the time being holding or acting in an office designated under the Supreme Court Act 1935 by that name, and a reference to a registrar may include a reference to the Principal Registrar or a deputy registrar duly appointed under that Act; regulations means regulations made under the authority of this Act; represented person means a person in respect of whom there is in force under the Guardianship and Administration Act 1990 an administration order whereby the Public Trustee is the administrator or a joint administrator of the estate of that person; reserve fund means a fund established under section 44A; rules means rules of court made under this Act or the Supreme Court Act 1935; strategic common account means an account established under section 39B(1); Treasurer's guidelines means guidelines issued by the Treasurer under section 47B(2); will includes codicil. [Section 2 amended: No. 12 of 1947 s. 2; No. 34 of 1962 s. 4; No. 64 of 1968 s. 2; No. 67 of 1979 s. 57; No. 10 of 1989 s. 3; No. 24 of 1990 s. 123; No. 9 of 2008 s. 6; No. 9 of 2022 s. 424.] 3. Public Trustee to be successor in law of Curator of Intestate Estates and the Official Trustee (1) Subject to and for the purposes of this Act, as and from the appointed day — (a) The offices of Curator of Intestate Estates and Official Trustee shall be abolished and the Curator of Intestate Estates and the Official Trustee in office immediately before the appointed day shall go out of office as such. (b) The Public Trustee shall be deemed to be the successor in law — (i) of the Curator of Intestate Estates; (ii) of the Official Trustee. (c) All property immediately before the appointed day vested in or held by the Curator or the Official Trustee shall, by virtue of this Act, be transferred to and vested in or held by the Public Trustee. (d) Without affecting the generality of the foregoing provisions of this section — (i) all estates and property of deceased persons left unadministered by the Curator immediately before the appointed day shall be administered by the Public Trustee, who shall become entitled to the possession thereof and of all books, accounts, letters, papers, and documents of every description used by or in the possession of or under the control of the Curator immediately before the appointed day; and (ii) the Public Trustee shall become entitled to the possession of all estates and property vested in or held by the Official Trustee or which he is empowered to take care of, collect, protect, administer or manage, and moneys which the Official Trustee is empowered to invest, and of all books, accounts, letters, papers, and documents of every description used by or in the possession or under the control of the Official Trustee immediately before the appointed day. (e) Any reference in any Act, regulation, rule of court, order or document to either the Curator or the Official Trustee shall, unless inconsistent with the context or subject matter, be deemed and be taken to refer to and mean the Public Trustee. (f) Any proceeding, application, or cause of action before the appointed day commenced, initiated, pending, or existing by or against the Curator or the Official Trustee shall not abate, be discontinued, or be in any way prejudicially affected by reason of anything in this Act but may be continued, prosecuted, and enforced by or against the Public Trustee as it might have been by or against the Curator or the Official Trustee if this Act had not been passed, but not further or otherwise. (g) Subject to the foregoing provisions of this section, any order to administer granted to or on an application initiated by the Curator shall have effect for all purposes as if this Act had not been passed; and (h) All acts, matters, and things of a continuing nature lawfully made, done, or commenced before the appointed day by or on behalf of the Curator or the Official Trustee shall be deemed to have been made, done, or commenced by or on behalf of the Public Trustee. [(2) deleted] [Section 3 amended: No. 9 of 2008 s. 7.] Part IA — The Public Trustee [Heading inserted: No. 9 of 2008 s. 8.] 4. Public Trust Office and Public Trustee (1) There shall be an office called the "Public Trust Office", administered by an officer called the Public Trustee who shall be appointed under and subject to Part 3 of the Public Sector Management Act 1994, and shall have and exercise such powers and execute and discharge such duties as may be vested in or imposed on him pursuant to the provisions herein set forth. (2) The Public Trustee and his successors in office shall be and continue to be a body corporate, under the name of the "Public Trustee", and shall by that name have perpetual succession and a common seal, and be capable in law of suing and being sued and of holding and disposing of real and personal property. (3) The Public Trustee is an agent of the Crown in right of the State and enjoys the status, immunities and privileges of the Crown. [Section 4 amended: No. 10 of 1989 s. 4; No. 32 of 1994 s. 3(2); No. 9 of 2008 s. 9.] 5. Delegation (1) The Public Trustee may, by instrument in writing signed by the Public Trustee, delegate to a person any of the powers or duties of the Public Trustee under this Act or any other written law, other than this power of delegation. (2) A delegation under this section may be made generally or as otherwise provided by the instrument of delegation. [Section 5 inserted: No. 10 of 1989 s. 5; amended: No. 9 of 2008 s. 10.] 5A. Judicial notice All courts shall take judicial notice of the appointment of the Public Trustee, delegations by the Public Trustee under section 5, the signatures of the Public Trustee and delegates of the Public Trustee, and the seal of office of the Public Trustee. [Section 5A inserted: No. 64 of 1968 s. 5; amended: No. 10 of 1989 s. 6.] 6. Appointment of staff There shall be appointed under and subject to Part 3 of the Public Sector Management Act 1994 such officers, clerks and other persons as are necessary to assist the Public Trustee to perform his functions. [Section 6 inserted: No. 10 of 1989 s. 7; amended: No. 32 of 1994 s. 3(2).] 6A. Use of other government staff etc. (1) The Public Trustee may by arrangement with the relevant employer make use, either full‑time or part‑time, of the services of any officer or employee — (a) in the Public Service; (b) in a State agency or instrumentality; or (c) otherwise in the service of the Crown in right of the State. (2) The Public Trustee may by arrangement with — (a) a department of the Public Service; or (b) a State agency or instrumentality, make use of any facilities of the department, agency or instrumentality. (3) An arrangement under subsection (1) or (2) shall be made on such terms as are agreed to by the parties. [Section 6A inserted: No. 9 of 2008 s. 11.] 6B. Management and performance (1) The Minister and the Public Trustee are to enter into a written agreement for each 12 month period in relation to matters prescribed by the regulations. (2) A current agreement may provide for any or all of the following — (a) the determination of a scale of fees under section 38A(1); (b) the proportion of fees received by the Public Trustee to be credited to the Consolidated Account; (c) the circumstances in which moneys may be transferred to or from a reserve fund; (d) the uses to which moneys in a reserve fund may be put. (3) The annual report of the Public Trustee submitted under the Financial Management Act 2006 shall include — (a) a summary of the current agreement; and (b) a report on the Public Trustee's performance in relation to matters required by the current agreement to be reported on in the annual report. (4) The first current agreement shall be effective on and from the day on which section 11 of the Public Trustee and Trustee Companies Legislation Amendment Act 2008 comes into operation. (5) If a current agreement (other than the first agreement) has not been made in respect of a 12 month period then on the commencement of that period the provisions of the current agreement for the previous 12 month period apply, to the extent that the provisions are relevant, until a current agreement is made for the first mentioned period. (6) A current agreement is not legally enforceable. [Section 6B inserted: No. 9 of 2008 s. 11.] Part II — Powers and duties of Public Trustee Division 1 — General [Heading inserted: No. 9 of 2008 s. 12.] 7. Appointment of Public Trustee in various capacities (1) Where the Crown, the Governor in Council, a public officer, a court, a judge, a board, a public or private corporate body, or any person within or outside Western Australia, now or hereafter can appoint a trustee, executor, administrator, guardian, next friend, committee, manager, receiver, agent or attorney, any of such appointments may be made of the Public Trustee. (2) Subject to this Act the powers, duties, immunities, and rights of the Public Trustee under any such appointment shall be the same as if the appointment had been of a private person. [Section 7 amended: No. 24 of 1990 s. 123.] Division 2 — Public Trustee as executor or administrator [Heading inserted: No. 9 of 2008 s. 13.] 8. Appointment of Public Trustee as executor Whenever the Public Trustee has been or shall be named as executor in the last will and testament or in any codicil thereto of any testator, it shall be lawful for the Public Trustee to act as executor, and to apply for and obtain probate, and to perform and to discharge all the acts and duties of an executor as fully and effectually as any other executor. 9. Pending probate or administration estate of deceased to vest in Public Trustee Upon the death of any person, and until probate or administration is granted in respect of his estate, the real and personal estate of such deceased person shall be deemed to vest in the Public Trustee, but without any charge being leviable therefor. Any estate or property at the commencement of this Act vested in the Chief Justice under the provisions of section 22 3 of the Administration Act 1903, or any corresponding previous enactment, shall, by virtue of this Act, vest in the Public Trustee. 10. Public Trustee may apply for order for administration of estate of deceased person (1) Where any person has heretofore died or hereafter dies, or is reasonably supposed to have died testate or intestate in or out of Western Australia, leaving property in Western Australia, the Court may, on the application of the Public Trustee, grant to the Public Trustee an order to administer the estate of such deceased person in any of the following cases — (a) where such person dies testate, but leaves no executor willing and capable of acting in execution of his will resident within the jurisdiction; (ab) where such person dies intestate, and the person first entitled to the administration of his estate is unwilling to act or incapable of acting in such administration or is not resident within the jurisdiction: Provided that if some other person in the State who, if it were not for this paragraph, would be entitled to such administration applies for such administration, then the Court may grant administration to such person; (b) where the executor renounces probate of the will of the deceased and all the persons first entitled to administration by writing filed in the office of the Court decline to apply for administration; (c) where probate or administration is not applied for within 3 months after the death of such person; (d) where, after the expiration of 30 days from such death, there appears to the Court to be no reasonable possibility of application being made within such period as aforesaid; (e) where the estate or any portion thereof is unprotected or liable to waste and the executor or a person who was married to, or living as the de facto partner of, the deceased immediately before the death of the deceased or next of kin is absent from the locality of the estate or of such portion thereof or is not known or has not been found; (f) where the estate or any substantial portion thereof is of a perishable nature or is in danger of being lost or destroyed; (g) in any other case where the Court considers it expedient or proper. (2) The Court may in any case require the Public Trustee to give such notices or cite such persons or produce such evidence as it may think fit before granting the order applied for, and may make the order subject to restrictions or conditions, or, in cases coming within the provisions of subsection (1)(e) or (f), make a temporary order only, or one limited to a portion of the estate. (3) A grant under this section shall, subject to this Act and to any restrictions which the Court may impose, give to the Public Trustee the same powers, rights and obligations in respect of the estate concerned as he would have under letters of administration. Subject to the provisions of this Act, all laws now or hereafter in force in reference to the administration of estates of deceased persons shall apply to the administration of estates by the Public Trustee and the estate of the deceased shall vest in the Public Trustee. (4) Where a grant of probate or administration (in this subsection referred to as the original grant) has been made in respect of the estate of any deceased person (in this subsection referred to as the original estate) and the persons to whom the original grant, or any subsequent or substituted grant of probate or administration was made, have died, or hereafter die, leaving part of the original estate unadministered, and the gross value of the part of the original estate so left unadministered at the time of the election hereinafter mentioned does not exceed the sum of $10 000, as estimated by the Public Trustee, and no person has since the death of the last executor or administrator taken out letters of administration de bonis non in respect of the original estate, the Public Trustee may, in all cases where he is entitled to apply for an order to administer, in lieu of obtaining such order, file in the office of the Court an election in writing setting forth the fact of the original grant, the death of the executors or administrators, and the particulars of the property so left unadministered, and electing to administer the property so left unadministered. (5) On such election being filed, the Public Trustee shall be deemed to be administrator of the original estate left unadministered in all respects as if letters of administration de bonis non had been regularly granted to him. (6) He shall publish in the Gazette a notice that he has made such election, and such notice shall be conclusive evidence that he is rightfully entitled to administer de bonis non. [Section 10 amended: No. 12 of 1947 s. 3; No. 64 of 1968 s. 6; No. 25 of 1978 s. 3; No. 67 of 1979 s. 58; No. 3 of 2002 s. 98.] 11. Public Trustee to be preferred to creditor as administrator, in certain cases The Public Trustee shall be entitled to a grant of administration of the estate of a deceased person in preference to any creditor applying in that capacity for administration thereof, unless the creditor proves to the satisfaction of the Court that it will be more beneficial to the estate that it should be administered by such creditor. [Section 11 amended: No. 67 of 1979 s. 59.] 12. Public Trustee may be appointed to act by executors and administrators (1) Any person or the majority of the persons entitled to obtain administration (with the will of any testator annexed) of the estate of such testator, may authorise the Public Trustee to apply to the Court for and obtain an order to administer the estate. (2) Any person or a majority of the persons named expressly or by implication as executor in any will may, unless expressly prohibited by the will, authorise the Public Trustee to apply to the Court for an order to administer the estate. (3) Any person or a majority of the persons entitled to obtain administration of the estate of any intestate may authorise the Public Trustee to apply to the Court for an order to administer the estate. (4) Any executor who has obtained probate, or any administrator who has obtained letters of administration, notwithstanding that he has acted in the administration of the deceased's estate may, with the consent of the Public Trustee, and after an account of all receipts and disbursements made by such executor or administrator in relation to the estate of the deceased up to the date of such application has been filed and passed by a Registrar of the Supreme Court, apply to the Court for an order transferring such estate to the Public Trustee for administration. (5) An order to administer under any of the preceding subsections may be granted, upon application to the Court by the Public Trustee. (6) Where there are more executors or administrators than one, all, or the majority of such executors or administrators, may apply to the Court or a Judge thereof to have the Public Trustee appointed sole executor or administrator on the grounds that the interests of the estate would be benefited by such appointment. (7) All applications to the Court, or a Judge thereof, under this section may be brought in such manner as may be prescribed by rules made under this Act, and the Court or Judge may, and is hereby given jurisdiction to make such order as it or he thinks fit. (8) Where to the appointment of any executor or administrator the consent of any person is required, and any such person refuses to consent to the Public Trustee being appointed, or where the person to consent is an infant, has a mental disability as defined in the Guardianship and Administration Act 1990 section 3(1) or is absent from Western Australia, or has any other disability, then the appointment of the Public Trustee may be made without such consent, if a Judge of the Supreme Court so orders. [Section 12 amended: No. 12 of 1947 s. 4; No. 67 of 1979 s. 60; No. 25 of 2014 s. 82.] 12A. Public Trustee's powers on appointment as agent of executor, administrator etc. In addition to the Public Trustee's powers under section 12, if — (a) a person who is an executor or administrator appoints the Public Trustee as the person's agent to act as executor or administrator in the place of the person; (b) a person who may be entitled to apply for a grant of probate appoints the Public Trustee as the person's agent to apply for a grant of probate; (c) a person who may be entitled to obtain administration (with the will of a testator annexed) of the testator's estate appoints the Public Trustee as the person's agent to apply for an order to administer the estate; or (d) a person who is referred to in section 25 of the Administration Act 1903 as a person who may be granted administration of an estate of a person dying intestate appoints the Public Trustee as the person's agent to apply for an order to administer the estate, the Public Trustee, if so appointed by power of attorney or other instrument of appointment, may act within the scope of the authority conferred on the Public Trustee as effectually as the person could have acted and may exercise all discretionary and other powers delegated by the principal as fully as the principal could have exercised them. [Section 12A inserted: No. 9 of 2008 s. 14.] 13. Application for removal of executor or administrator of an estate and for administration by the Public Trustee (1) In any case in which probate or administration of the estate of any deceased person has been granted to any person, the Public Trustee, or any person interested, may apply to the Court for an order for the removal of such executor or administrator, and for an order to administer by the Public Trustee the land or goods or estate left unadministered. Applications under this section shall be grounded upon affidavit stating any circumstances from which it appears that it would be beneficial to any person who is or may be interested in such estate, or that the due and proper administration of the estate requires that the executor or administrator should be removed, and that such estate should be administered by the Public Trustee. (2) Upon the making of any order under the preceding subsection the Court may order that any administration bond entered into by the administrator shall be assigned to the Public Trustee; and the Public Trustee shall thereupon be entitled to sue on the said bond in his own name as if the same had been originally given to him, and shall be entitled to recover thereon as trustee for all persons interested in the full amount recoverable in respect of any breach of the condition of the said bond. (3) Where the Public Trustee is appointed executor or is granted an order to administer under this or the last preceding section the property, rights, powers, authorities, functions, and discretions vested in, and the liabilities properly incurred in, the due administration of the estate by the original executor or administrator, as the case may be, shall upon such appointment and without any conveyance, transfer, or assignment become and be vested in and transferred to the Public Trustee, who shall have the same privileges, rights, powers, duties, discretions, and liabilities as if probate or administration had been granted to him originally. [Section 13 amended: No. 12 of 1947 s. 5.] 14. Election to administer estate not exceeding the prescribed amount, without order to administer (1) Where any person has heretofore died or hereafter dies testate or intestate, in or out of Western Australia, leaving property in Western Australia the gross value of which as estimated by the Public Trustee does not at the time of the election hereinafter mentioned exceed the prescribed amount and no person has taken out probate or administration in Western Australia, the Public Trustee may, in all cases where he is entitled to apply for an order to administer, in lieu of obtaining such order, file in the office of the Court an election in writing setting forth the name, residence, and occupation (so far as then known to him) of the deceased, and the value of the property of the deceased as then known, and electing to administer. (2) On such election being filed the Public Trustee shall be deemed to be administrator of the whole property of the deceased person in all respects as if a grant of probate or letters of administration, as the case may be, had been regularly granted to him. (3) He shall publish in the Gazette a notice that he has made such election, and such notice shall be conclusive evidence that he is rightfully entitled to administer. (4) If after filing such election the gross value of the property to be administered is found to exceed the prescribed amount, or the property to which the election relates is found to include property outside the State, the Public Trustee shall, as soon as practicable thereafter, file in the office of the Court a memorandum under his hand stating the fact, and proceed in the ordinary manner to obtain an order to administer the estate. (5) If after filing such election the Public Trustee finds that the deceased person who was supposed to have died intestate has died testate, the Public Trustee shall, as soon as practicable, file in the office of the Court a memorandum under his hand stating the facts and revoking such election; whereupon such election shall be deemed to have been revoked accordingly, and the Public Trustee shall file in the office of the Court his accounts of all transactions in the matter of the estate of such deceased person. (6) In this section — prescribed amount means the amount prescribed for the purposes of section 10 of the Trustee Companies Act 1987 for the relevant time. [Section 14 amended: No. 12 of 1947 s. 6; No. 64 of 1968 s. 7; No. 25 of 1978 s. 4; No. 67 of 1979 s. 58; No. 9 of 2008 s. 15.] 15. Public Trustee deemed successor of deceased for licensing purposes Where the Public Trustee obtains a grant of probate or administration under this Act, he shall be deemed to be the successor of the deceased for the purpose of the Licensing Act 1911 4, and may in a proper case, with the consent of the Licensing Court 5, enter by himself or his agent on and become the licensee of any licensed premises of which the deceased was licensee or the Public Trustee is owner within the meaning of that Act. 16. Public Trustee may pay over balance to proper officer etc. (1A) When the Public Trustee has been granted probate of the will or administration of the estate in Western Australia of any person who was at the time of his death domiciled in a State or Territory of the Commonwealth of Australia other than Western Australia, or in the Dominion of New Zealand, and whose estate in such State, Territory, or Dominion is being administered by executor or executors or administrator or administrators, or the proper officer of such State, Territory, or Dominion, the Public Trustee may pay or cause to be paid to such executor or executors or administrator or administrators, or proper officer, the balance of the estate, after payment of creditors and the fees and charges provided for in this Act, without seeing to the application of such balance and without incurring any liability in regard to such payment to such executor or executors or administrator or administrators, or proper officer. (1B) Where any moneys or personal chattels are payable or deliverable by the Public Trustee to the subject of any country out of the Crown's jurisdiction, the Minister may authorise the Public Trustee to pay or deliver the same to the proper officer of that country or to the chief consular officer for that country in Western Australia on behalf of the person entitled, and the receipt of such proper officer or consular officer shall be a sufficient discharge therefor to the Public Trustee who shall not be further concerned to see to the application thereof. (2A) When the proper officer of any State or Territory of the Commonwealth of Australia, other than Western Australia, or of the Dominion of New Zealand, is in such State, Territory, or Dominion administering the estate of any deceased person, and the Public Trustee has been granted probate of the will or administration of the estate in Western Australia of such deceased person, if the deceased at the time of his death was domiciled in Western Australia, the Public Trustee may receive from such proper officer the balance of the estate of the deceased in such State, Territory or Dominion. (2B) The balance referred to in subsection (2A) shall, when so received, form part of the estate of the deceased and shall be dealt with according to the law of Western Australia. (3) In this section — proper officer includes Public Trustee or Public Curator or other officer discharging duties corresponding to those discharged in Western Australia by the Public Trustee; Territory includes mandated territory administered by the Commonwealth of Australia. [Section 16 amended: No. 19 of 2010 s. 51.] 17. If property has escheated to the Crown If it appears that any property vested in the Public Trustee has escheated to the Crown, the Public Trustee shall report the facts to the State Solicitor, who may then make all necessary applications provided for in the Escheat (Procedure) Act 1940. [Section 17 amended: No. 65 of 2003 s. 95.] 18. Payment to parent etc. of distributive shares of infant children where net amount is under $5 000 Where the net amount payable to any infant out of any testate or intestate estate of which probate or administration has been granted to the Public Trustee is under $5 000, the Public Trustee may pay or cause to be paid the distributive share, to which such infant is entitled, to a parent of the infant, or to any person having the care or custody of such infant, without seeing to the application thereof, and without incurring any liability in respect of such payment. [Section 18 amended: No. 12 of 1947 s. 7; No. 113 of 1965 s. 8; No. 46 of 1984 s. 3; No. 3 of 2002 s. 99; No. 9 of 2008 s. 16.] [19. Deleted: No. 57 of 1997 s. 100.] Division 3 — Public Trustee as trustee [Heading inserted: No. 9 of 2008 s. 17.] 20. Public Trustee may be appointed trustee Notwithstanding anything in any Act, or the terms of any trust, as to the number of trustees, the Public Trustee may, unless expressly prohibited by the terms of the trust, be appointed or become trustee. 21. Advisory trustees (1) In the administration of any trust estate as trustee thereof the Public Trustee may act with an advisory trustee or advisory trustees to the extent herein provided. (2) An advisory trustee or advisory trustees may be appointed — (a) by order of the Court made on the application of any beneficiary or of any person on whose application the Court would have power to appoint a new trustee; (b) by the trust instrument; or (c) by any person having power to appoint new trustees. (3) No such advisory trustee shall be liable as such for any act or thing done by the Public Trustee, whether with or without the advice of any such advisory trustee. (4) Where the Public Trustee acts with advisory trustees the trust property shall be vested in the Public Trustee, and he shall have the sole management and administration of the estate and its trusts as fully and effectually as if he were the sole trustee. (4A) On any matter relating to the trusts or the estate — (a) the Public Trustee may consult the advisory trustees; and (b) the advisory trustees may advise the Public Trustee. (5) In cases of difference between the Public Trustee and the advisory trustees, either the Public Trustee or the advisory trustees may submit the matter in dispute in a summary manner to a Judge of the Court in chambers, whose decision thereon shall be final, and shall bind both the Public Trustee and the advisory trustees. (6) No person dealing with the Public Trustee shall be concerned to inquire as to the concurrence or otherwise of the advisory trustees, or be affected by notice of the fact that the advisory trustees have not concurred. (7) The power of appointing a new advisory trustee, when exercisable by the continuing advisory trustees, shall be exercised by them alone, but the Public Trustee shall have the same power of applying to the Court for the appointment of a new advisory trustee as is possessed by any other person. (8) The regulations may provide for the remuneration, subject to the provisions of the trust instrument (if any), of advisory trustees out of the estate. [Section 21 amended: No. 19 of 2010 s. 51.] 22. Custodian trustee (1) The Public Trustee may, whether or not the number of trustees has been reduced below the original number, be appointed to be custodian trustee of any trust — (a) by order of the Court made on the application of any beneficiary or of any person on whose application the Court may order the appointment of a new trustee; (b) by the trust instrument; or (c) by any person having the power to appoint new trustees. (2) Upon such appointment — (a) the trust property shall be transferred to the custodian trustee as if he were sole trustee, and for that purpose vesting orders may, where necessary, be made by the Court; (b) the management of the trust property and the exercise of any power or discretion exercisable by the trustees under the trust shall remain vested in the trustees other than the custodian trustee (which trustees are hereinafter referred to as the managing trustees); (c) as between the custodian trustee and the managing trustees, and subject and without prejudice to the rights of any other persons, the custodian trustee shall have the custody of all securities and documents of title relating to the trust property, but the managing trustees shall have free access thereto and be entitled to take copies thereof or extracts therefrom; (d) the custodian trustee shall concur in and perform all acts necessary to enable the managing trustees to exercise their powers of management, or any other power or discretion vested in them (including the power to pay money or securities into Court), unless the matter in which he is requested to concur is a breach of trust or involves a personal liability upon him in respect of calls or otherwise, but, unless he so concurs, the custodian trustee shall not be liable for any act or default on the part of the managing trustees or any of them; (e) all sums payable to or out of the income or capital of the trust property shall be paid to or by the custodian trustee: Provided that the custodian trustee may allow the dividends and other income derived from the trust property to be paid to the managing trustees, or to such person as they direct, or into such bank to the credit of such person as they direct, and in such case shall be exonerated from seeing to the application thereof and shall not be answerable for any loss or misapplication thereof; (f) the power of appointing new trustees, when exercisable by the trustees, shall be exercisable by the managing trustees alone, but the custodian trustee shall have the same power of applying to the Court for the appointment of a new trustee as any other trustee; (g) the custodian trustee, if he acts in good faith, shall not be liable for accepting as correct and acting upon the faith of any written statement by the managing trustees as to any birth, death, marriage or other matter of pedigree or relationship or other matter of fact upon which the title to the trust property or any part thereof may depend, nor for acting upon any legal advice obtained by the managing trustees independently of the custodian trustee; (h) the Court, on the application of either the custodian trustee or of any of the managing trustees, or of any beneficiary, to terminate the custodian trusteeship, and on proof to its satisfaction that it is the general wish of the beneficiaries or that on other grounds it is expedient that the custodian trusteeship should be terminated, may make an order for that purpose, and the Court may thereupon make such vesting orders and give such directions as under the circumstances seem to the Court to be necessary or expedient; (i) in cases of difference between the custodian trustee and the managing trustees, either the custodian trustee or the managing trustees may submit the matter in dispute in a summary manner to a Judge of the Court in chambers, whose decision thereon shall be final and shall bind both the custodian trustee and the managing trustees. 22A. Public Trustee's powers on appointment as trustee's agent If a person who is a trustee appoints the Public Trustee as the person's agent to act as trustee in the place of the person, the Public Trustee, if so appointed by power of attorney or other instrument of appointment, may act within the scope of the authority conferred on the Public Trustee as effectually as the person could have acted and may exercise all discretionary and other powers delegated by the principal as fully as the principal could have exercised them. [Section 22A inserted: No. 9 of 2008 s. 18.] 23. Public Trustee may exercise powers under other Acts (1) In addition to any other powers conferred by this Act, the Public Trustee shall have and may exercise all rights, powers, and authorities conferred upon, and may avail himself of all defences open to, trustees under the provisions of the Trustees Act 1962 or of any other Act. (2) In particular, but without limiting the generality of subsection (1), where the Public Trustee holds moneys belonging to more than one estate, as trustee for the investment of those moneys, the Public Trustee — (a) may invest those moneys as one fund in one or more investments authorised by law as in force immediately before the coming into operation of the Trustees Amendment Act 1997 or by the investment creating the trust; and (b) may distribute the income arising therefrom rateably among the several estates to which the moneys so invested belong, and any loss arising from any such investment shall be borne rateably by the several estates. [Section 23 amended: No. 64 of 1968 s. 8; No. 1 of 1997 s. 18; No. 37 of 2006 s. 7.] Division 4 — Estates of represented persons [Heading inserted: No. 9 of 2008 s. 19.] 24. Public Trustee may apply for administration order The Public Trustee may apply under section 40 of the Guardianship and Administration Act 1990 for an administration order whereby he is appointed to be an administrator under that Act. [Section 24 inserted: No. 24 of 1990 s. 123; amended: No. 7 of 1996 s. 39.] [25, 26. Deleted: No. 24 of 1990 s. 123.] 27. Summary proceedings for the protection of property of represented persons (1) Where any real or personal property of a represented person is wrongly held, detained, converted or injured, or where any sum of money is due and owing to a represented person, the Public Trustee may claim and recover possession of that property or damages for its conversion or injury, or payment of that sum due and owing, by summary proceedings, as prescribed by the rules, on complaint before a Judge who, on proof to his satisfaction of the cause of complaint, may make an order requiring the person against whom the complaint is made to give up possession of the property, or to pay reasonable damages, to be fixed by the order, for the conversion or injury of the property, or to pay the sum found to be due and owing, and, in default of compliance by the person so ordered, to order in and by the same or any subsequent order that the person so ordered be committed to prison for any period not exceeding 6 months. (2) A Judge may, on the complaint under this section, make such order as to costs as he thinks fit, and every order made under this section has the same effect, and may be enforced in like manner, as any judgment, decree or order of the Court in its ordinary jurisdiction. [Section 27 inserted: No. 34 of 1962 s. 5; amended: No. 24 of 1990 s. 123.] 28. Protection of persons dealing with Public Trustee [(1), (2) deleted] (3) Persons dealing with the Public Trustee, in respect of the estate of a represented person, are as fully protected as if the owner of the estate were, although he is not, in fact, then, a represented person; and a purchaser or mortgagee, from the Public Trustee, of any real or personal property of a represented person is not bound to inquire as to the powers of the Public Trustee or as to the application of the purchase or mortgage moneys. [Section 28 inserted: No. 34 of 1962 s. 5; amended: No. 24 of 1990 s. 123.] 29. Payments by Public Trustee to represented persons or their personal representatives (1) When the Public Trustee ceases to be the administrator of the estate of a represented person he may pay over all moneys standing to the credit of the represented person and hand over all other property and documents forming part of or relating to the estate if the cessation occurs — (a) by an order referred to in section 78(1)(a) of the Guardianship and Administration Act 1990, to the represented person; or (b) by reason of the death of the represented person, to his personal representative. (2) The receipt of the represented person, notwithstanding any informality in his discharge, or the receipt of his personal representative is a discharge for the moneys, property and documents paid or handed over by the Public Trustee under this section. [(3) deleted] (4) Where at the death of a represented person money is standing to his credit, the Public Trustee may, at his discretion, pay that money or pay from that money any amount for or towards the funeral expenses, the debts of the represented person and expenses and fees incurred in performing functions vested in the Public Trustee under an administration order as defined in section 3(1) of the Guardianship and Administration Act 1990 relating to the represented person. (5) Subject to subsection (4), where in relation to the estate of a represented person, letters of administration have not been granted or probate has not issued and legal proof is not given of the right or title of the person claiming, the Public Trustee may, at his discretion, pay the money standing to credit of a represented person, or the balance of that money, and hand over property forming the whole or part of the estate, to any person claiming as entitled in the distribution of the estate or as a beneficiary under the will of the represented person so long as the money paid or the value of the property handed over does not exceed the prescribed amount as defined in section 14(6). [Section 29 inserted: No. 34 of 1962 s. 5; amended: No. 64 of 1968 s. 10; No. 46 of 1984 s. 5; No. 24 of 1990 s. 123; No. 9 of 2008 s. 20.] [30. Deleted: No. 24 of 1990 s. 123.] 31. Power of Public Trustee to act on certificates issued by proper officers in other jurisdictions (1) Where the officer charged by or under the laws of any State (other than this State), or a territory of the Commonwealth or the laws of New Zealand with the management of the affairs, property or estate of a person in that State or territory or that country who is, however described under the laws of that State or territory or that country, incapable of managing his property, estate or affairs by reason of senility, disease, illness or physical or mental infirmity, by instrument in writing under his hand and seal — (a) certifies to the Public Trustee that he has the care and management of the property, estate and affairs of that person; and (b) authorises the Public Trustee to collect, manage, sell or otherwise dispose of or administer any property in this State which the person named in the instrument is possessed of or is entitled to or which he appears to be entitled to or in which he has or appears to have an interest, the Public Trustee shall have with respect to that property plenary functions within the meaning in section 71 of the Guardianship and Administration Act 1990 as though such functions had been vested in him under section 69 of that Act. (2) The Public Trustee may, without seeing to the application thereof and without liability therefor, pay over, or deliver, to the officer mentioned in subsection (1) the balance of any moneys or property received by him pursuant to that subsection after the payment of all costs, charges and expenses incurred in or about the exercise of his powers and after satisfying, or providing for, the debts of the person named in the instrument referred to in subsection (1) and claims against him of any person residing in this State of which he has had notice. [Section 31 inserted: No. 25 of 1978 s. 5; amended: No. 24 of 1990 s. 123.] 32. Public Trustee may open and deliver up wills (1) The Public Trustee may, on being satisfied of the death of a represented person, open and read any document deposited with him and purporting, or alleged, to contain a testamentary disposition made by that person; and the Public Trustee shall deliver the document to the executor, or one of the executors, therein named or to some other person to be dealt with according to law. (2) In subsection (1) — document has the meaning given to that term by section 32(1) of the Wills Act 1970. [Section 32 inserted: No. 34 of 1962 s. 5; amended: No. 24 of 1990 s. 123; No. 27 of 2007 s. 25.] 33. Personal effects of represented persons may be sold Any personal effects belonging to a represented person that come to the hands of the Public Trustee may, if not claimed within 2 years of the discharge or death of the represented person, be sold by the Public Trustee; and the proceeds of any sale authorised by this section shall be paid to the Treasurer, as unclaimed moneys, to be dealt with in accordance with the provisions of the Unclaimed Moneys Act 1912 6. [Section 33 inserted: No. 34 of 1962 s. 5; amended: No. 24 of 1990 s. 123.] [34‑36D. Deleted: No. 24 of 1990 s. 123.] Division 5 — Powers and duties of Public Trustee as to moneys subject to court and other orders [Heading inserted: No. 9 of 2008 s. 21.] 37. Investment of moneys under control or subject to order of the Supreme Court (1) The investments of moneys under the control or subject to any order of the Supreme Court shall be made by the Public Trustee. (2) All moneys or damages so received or awarded by or to the Public Trustee shall, subject to any specific or general directions of the appropriate court, be held and applied by him in such manner as he thinks fit for the maintenance and education or otherwise for the benefit of the persons entitled thereto. (3A) All moneys ordered to be invested under the provisions of the Workers Compensation and Injury Management Act 2023, shall be paid to the Public Trustee, and the receipt of the Public Trustee, or of any one authorised by him in that behalf, shall be a complete discharge to all persons concerned. (3B) The Public Trustee shall hold money received under subsection (3A) for the person or persons entitled thereto. (3C) Any money received under subsection (3A) shall be disbursed by the Public Trustee in accordance with the order pursuant to which it is held, but the Public Trustee has sole discretion as to its investment. (4) A certificate under the hand and seal of the Public Trustee, showing the receipt of the said money, shall in any court or proceedings whatsoever be sufficient evidence of the facts therein stated without any further proof. (5) Nothing in this section shall prejudice the lien of a solicitor for any costs which have been allowed by a taxing officer of the Supreme Court or the Magistrates Court as solicitor and client costs. No costs other than those allowed in such taxation shall be payable to any solicitor. [Section 37 amended: No. 7 of 1950 s. 3; No. 67 of 1979 s. 61; No. 34 of 1999 s. 61; No. 42 of 2004 s. 175; No. 59 of 2004 s. 141; No. 19 of 2010 s. 51; No. 21 of 2023 s. 709(2).] Division 6 — Powers and duties of Public Trustee as to uncared for property [Heading inserted: No. 9 of 2008 s. 22.] 37A. Power of Court to authorise Public Trustee to exercise certain powers in respect of uncared‑for property (1) Where — (a) the owner of any real or personal property in the State is absent from the State and has no agent or attorney in the State to take possession of and administer the property; (b) it is not known who is the owner of any real or personal property in the State; (c) it is not known where the owner of any real or personal property in the State is; (d) it is not known whether the owner of any real or personal property in the State is dead or alive; or (e) the owner of any real or personal property in the State is dead and has left executors or administrators whose whereabouts are unknown, the Court or a Judge in chambers may, on the application ex parte of the Public Trustee and on being satisfied that the exercise of the powers hereinafter referred to in this subsection is advisable in the interests of the owner of the property or in the interests of any other person, make an order, on such terms and conditions as the Court or Judge thinks fit, authorising the Public Trustee to exercise in relation to the property all or any of the powers referred to in section 49. (2) Where an order is made under subsection (1), the Public Trustee shall cause to be published in the Government Gazette, and in a newspaper circulating generally in the district in which the property in respect of which the order was made is situated, a notification of the making of the order and of his intention to exercise the powers conferred on him by the order. (3) Where the Public Trustee sells, leases or otherwise disposes of any real or personal property pursuant to a power conferred on him by or under this section, the Public Trustee has the same powers with respect thereto as the owner of the property has, and all deeds and other instruments and documents executed by him in the exercise of any of those powers shall be registered and have effect in all respects as if they were executed by the owner of the property. (4) The owner of property in respect of which an order has been made under subsection (1) or a person having an interest in the property or in any part thereof may, at any time after the making of the order and after giving 14 days notice to the Public Trustee, make application to the Court or a Judge in chambers to rescind the order in whole or in part. (5) The Court or Judge may, on an application under subsection (4), rescind the order to which the application relates, in whole or in part on such terms as it or he thinks fit. (6) The rescission of an order, whether wholly or in part, does not affect any charge acquired by the Public Trustee under section 44 or the validity of any act, matter or thing done by the Public Trustee while the order is current and in pursuance of the order. (7) An order made under this section, and an act, matter or thing done in pursuance of the order, is not invalid or inoperative by reason only that the order was made or the act, matter or thing was done under a mistake of fact or that the owner of the property to which the order relates was dead at the time when the order was made or has died since the making of the order or because of any disposition made by the owner of the property while the order is current. [Section 37A inserted: No. 64 of 1968 s. 17.] Division 7 — Other services [Heading inserted: No. 9 of 2008 s. 23.] 37B. Term used in this Division In this Division — investment management services includes any of the following — (a) assisting clients to ascertain their investment objectives, financial situations, risk profiles and particular investment needs; (b) setting investment policies and objectives for clients; (c) holding money for investment on behalf of clients; (d) engaging and retaining suitably qualified financial planners or investment managers for clients; (e) subscribing to, buying or selling securities and other investments, or accepting new issue entitlements, on behalf of clients; (f) collecting interest, dividends and other income on behalf of clients; (g) reviewing a client's investment portfolio from time to time; (h) providing accounting information to clients on a regular basis in relation to their investments. [Section 37B inserted: No. 9 of 2008 s. 23.] 37C. Provision of services (1) The Public Trustee may do any of the following — (a) assist an executor or administrator of a deceased's estate in exercising or performing any power or duty of the executor or administrator in relation to the administration of the estate; (b) provide estate planning services to a client or a person who is contemplating appointing the Public Trustee to be the executor of the person's will; (c) provide investment management services in relation to investments, whether or not in a Fund, and do such things as are necessary for the provision of that assistance or service. (2) The Public Trustee is entitled to charge and receive fees and remuneration and recover disbursements for the provision of the assistance or services referred to in subsection (1). (3) The Public Trustee may continue to provide the assistance or services referred to in subsection (1) to a person who was a client even though the person is no longer a client. (4) Nothing in this Division shall be read as limiting any power that the Public Trustee otherwise has, whether under this Act or any other written law, a court order or an authorisation in an instrument, to invest property other than by way of investment in a Fund. [Section 37C inserted: No. 9 of 2008 s. 23.] Part III — Financial 38. Term used in this Part In this Part — fees includes commissions and other charges. [Section 38 inserted: No. 9 of 2008 s. 24.] 38A. Scale of fees (1) The Public Trustee shall from time to time, in accordance with the current agreement, determine a scale of fees for a function performed, or a service provided, by the Public Trustee under this Act or any other written law. (2) A scale of fees has no effect unless it is published in the Gazette. (3) The Public Trustee shall ensure that the first scale of fees is effective on and from the day on which section 24 of the Public Trustee and Trustee Companies Legislation Amendment Act 2008 comes into operation. (4) The Public Trustee may fix and set out in the scale of fees different rates of fees that may be charged as remuneration in respect of different classes of estate and the time and manner of charging such fees. (5) The Interpretation Act 1984 section 42 applies to and in relation to a scale of fees as if the scale of fees were regulations made under this Act. [Section 38A inserted: No. 9 of 2008 s. 24.] 38B. Public Trustee's entitlement to fees and expenses (1) The Public Trustee is entitled to charge as remuneration for the functions and services referred to in section 38A(1) fees not exceeding those fixed from time to time by the Public Trustee and set out in the latest published scale of fees before the Public Trustee commences to perform the function or provide the service. (2) Nothing in this section prevents — (a) the payment of any fees that a testator in his will has directed to be paid; or (b) the payment of any fees that have been agreed on between the Public Trustee and a person for whom the Public Trustee performs a function or provides a service under this Act or any other written law, either in addition to or instead of the fees provided for by this section. (3) Nothing in this section prevents the Public Trustee from being reimbursed for all expenses properly incurred by the Public Trustee in the administration or management of an estate. (4) Any fees charged by the Public Trustee in accordance with this section are payable out of the capital or income of the estate. (5) Any fees which the Public Trustee is entitled to receive in respect of an estate may be paid or deducted out of the estate, in accordance with the time and manner provided for in the latest scale of fees of the Public Trustee published before the commencement of the administration or management of the estate, at any time after the commencement of the administration or management of the estate. (6) In addition to the fees chargeable under this section, the Public Trustee may, in respect of any estate, charge and receive a reasonable fee or remuneration for work involved in the preparation and lodging of returns for the purpose of or in connection with assessments of any duties or taxes (other than probate, death, succession or estate duties). (7) The published scale of fees of the Public Trustee must include a statement to the effect that the Public Trustee may in addition to fees chargeable under this section charge a fee for work involved in the preparation and lodging of returns for the purpose of or in connection with assessments of any duties or taxes (other than probate, death, succession or estate duties). (8) There shall not be any fee payable to the Public Trustee in respect of income earned by an estate by way of interest payable to the estate under section 39A(7). (9) Where in a particular case the Public Trustee is satisfied that there is proper cause, the Public Trustee may waive, either wholly or in part, any fees determined under this Act. (10) The incidence of fees under this section, as between corpus and income, shall be determined by the Public Trustee. (11) If immediately before the day on which section 24 of the Public Trustee and Trustee Companies Legislation Amendment Act 2008 comes into operation the Public Trustee is responsible for performing a function or providing a service of a type referred to in section 38A(1), on or after that day the Public Trustee is entitled to charge as remuneration for performing the function or providing the service fees set out in the first scale of fees referred to in section 38A(3). [Section 38B inserted: No. 9 of 2008 s. 24.] 39. Payment of expenses incurred by Public Trustee (1) In addition to any charges otherwise prescribed, all expenses incurred by or on behalf of the Public Trustee in respect to the maintenance of a represented person or the control, management, or administration of any trust estate or property, shall be charged against and payable out of that trust estate or property. (2) All expenses incurred by or on behalf of the Public Trustee in carrying into execution any of the provisions of this or any other Act and not chargeable to or recoverable from any estate or property shall be defrayed and paid out of such moneys as Parliament appropriates for that purpose. [Section 39 amended: No. 24 of 1990 s. 123.] 39A. The Common Account (1) The Common Account is established and — (a) is a continuation of the Common Account referred to in section 40(1) of this Act immediately before the day on which section 25 of the Public Trustee and Trustee Companies Legislation Amendment Act 2008 comes into operation; and (b) is, on and from that day to be treated as a Fund as defined in section 2. (2) The Common Account is an agency special purpose account under the Financial Management Act 2006 section 16. (3) In addition to any other investments that the Public Trustee is authorised to make from the Common Account, the Public Trustee may, with the prior approval of the Minister, invest a portion of the moneys standing to the credit of the Common Account in acquiring vacant land and erecting a building on the land or in acquiring land for the purpose of — (a) providing office accommodation for the Public Trustee and persons appointed under this Act; and (b) leasing to other persons approved by the Minister portions