Australian Capital Territory Current Regulations

COURT PROCEDURES RULES 2006 - REG 3050

    (1)     This rule applies if an administration bond is given under rule 3045 (Administration bond—requirement for bond) for an estate.

    (2)     On the application of anyone interested in the estate or on its own initiative on the registrar's report, the court may, at any time—

        (a)     require the surety or sureties to give an additional administration bond; or

        (b)     order that the liability of a surety under the bond be reduced by a stated amount.

Note     Pt 6.2 (Applications in proceedings) applies to an application for an order under this rule.

    (3)     The court may remove the administrator for the estate and appoint someone else in the administrator's place with power to sue or be sued on any contract made by the removed administrator if—

        (a)     the additional administration bond is not given by the surety or sureties; and

        (b)     the administrator does not produce another surety or other sureties to give the additional bond.

    (4)     For these rules, an additional administration bond under this rule is taken to be an administration bond under rule 3045.