Australian Capital Territory Current Acts

ADMINISTRATION AND PROBATE ACT 1929 - SECT 49CA

If, under this Act, the Territory is entitled to an intestate estate, the public trustee and guardian—

        (a)     must hold the intestate estate on trust for the Territory; and

        (b)     at the end of 6 years from the date of death of the intestate—

              (i)     in relation to so much of the estate as is not money—must sell the estate and, after deducting from the proceeds of the sale all costs and charges lawfully due to the public trustee and guardian or any other person, pay the balance of the proceeds to the Territory; or

              (ii)     in relation to so much of the estate as is money—must, after deducting all costs and charges lawfully due to the public trustee and guardian or any other person, pay the balance of the money to the Territory.