Australian Capital Territory Current Acts Australian Capital Territory Current ActsAn executor or administrator may—
(a) pay any debts or claims on any evidence that he or she considers sufficient; or
(b) accept any composition, or any security, real or personal, for any debts due to the deceased person; or
(c) allow any time for the payment of any such debts as he or she considers appropriate; or
(d) compromise, compound, or submit to arbitration, all debts, accounts, claims, and things whatsoever relating to the estate of the deceased person; and
(e) for any of the purposes mentioned in this section, enter into, give, and execute any agreements, instruments of composition, releases, and other things he or she considers expedient, without being responsible for any loss occasioned thereby.