Northern Territory Consolidated Acts

TRUSTEE ACT 1893

TABLE OF PROVISIONS

           Long Title

   1.      Short title and commencement  
   2.      Division  
   3.      Repeal  

   PART I--INVESTMENTS

   4.      Application of Part  
   5.      Power of trustee to invest  
   6.      Duties of trustee in respect of power of investment  
   7.      Law and equity preserved  
   8.      Matters to which trustee shall have regard in exercising power of investment  
   9.      Powers of trustee in relation to securities  
   10.     Power of trustee as to calls on shares  
   10A.    Power to purchase dwelling house as residence for beneficiary  
   10B.    Power of trustee to retain investments  
   10C.    Loans and investments by trustees not breaches of trust in certain circumstances  
   10D.    Limitation of liability of trustee for loss on improper investments  
   10E.    Court may take into account investment strategy in action for breach of trust  
   10F.    Power of Court to set off gains and losses arising from investment  
   10G.    Transitional provision  

   PART II--VARIOUS POWERS AND DUTIES OF TRUSTEESAPPOINTMENT OF NEW TRUSTEES

   11.     Power of appointing new trustees  
   12.     Retirement of trustees  
   13.     Vesting of trust property in new or continuing trustees  
   14.     Power of trustees for sale to sell by auction, &c.  
   15.     Power to sell subject to depreciating conditions  
   17.     Power to authorize receipt of money by banker or legal practitioner  
   18.     Power to insure building  
   18A.    Power to insure building or other property  
   19.     Power of trustees of renewable leaseholds to renew and raise money for the purpose  
   20.     Power of trustee to give receipts  
   21.     Power for executors and trustees to compound, &c.  
   21A.    Power to apply to Supreme Court for declaration as to validity, &c.  
   22.     Distribution of estate after notice by trustee  
   23.     Powers of 2 or more trustees  
   24.     Powers of maintenance in case of infants  
   24A.    Power to apply capital towards advancement and benefit  
   25.     Exoneration of trustees in respect of certain powers of attorney  
   26.     Implied indemnity of trustees  

   PART III--POWERS OF THE COURTAPPOINTMENT OF NEW TRUSTEES AND VESTING ORDERS

   27.     Power of the Court to appoint new trustees  
   28.     Vesting order as to land  
   29.     Contingent rights of unborn trustees  
   30.     Vesting order in place of conveyance by infant mortgagee  
   31.     Vesting order in place of conveyance by heir or devisee of mortgagee  
   32.     Vesting order consequential on judgment for sale or mortgage of land  
   33.     In what cases the heir, representative, or devisee of a person, who has contracted to sell land, shall be deemed a trustee within this Act  
   34.     Vesting order consequential on judgment for specific performance, &c.  
   35.     Effects of vesting order  
   36.     Power to appoint person to convey  
   37.     Vesting orders as to stock and choses in action  
   38.     Vesting order as to stock in cases of lunatic or infant mortgagee  
   39.     Persons entitled to apply for vesting orders  
   40.     Powers of new trustees appointed by Court  
   41.     Power to charge costs on trust estate  
   42.     Trustees of charities  
   43.     Orders made upon certain allegations to be conclusive evidence  
   44.     Payment into court by trustees and mortgagees  
   47.     Power to give judgment in absence of a trustee  
   48.     Trustee to have power to sell or convey in certain cases  
   49.     Power to sanction sale of land or minerals separately  
   49A.    Relief from liability for breach of trust  
   50.     Power to make beneficiary indemnify for breach of trust  
   50AA.   Cy-pres modification in certain cases  
   50B.    Vesting orders arising from resulting trusts  
   50A.    Power of Court to authorize dealings with trust property  

   PART IV--SPECIAL PROVISIONS AS TO APPOINTMENT OF NEW TRUSTEES

   51.     This part to be permissive  
   52.     Application of this part  
   53.     Interpretation  
   54.     Form of appointment of new trustee  
   55.     Extension of power of appointing new trustees  
   56.     Appointment of new trustees may be registered  
   57.     Registration to vest estates in new trustees  
   59.     Registration with power of disposition to lesser number of joint owners  
   60.     Form of memorandum of appointment of new trustee  
   63.     Preservation of powers of Registrar-General  
   64.     Preservation of liability of trustee  

   PART V--MISCELLANEOUS AND SUPPLEMENTAL

   66.     Commission concerning person of unsound mind  
   67.     Provisions of Act in addition to unrepealed acts  
   68.     Application to trustee under settled estates Act of provisions as to appointment of trustees  
   69.     Settled estates  
   73.     Power of Court to sell interest of Crown in real estate  
   75.     Definition of intestacy  
   78.     Trustee's remuneration  
   80.     Indemnity  
   81.     Act to apply to Land Title Act 2000  
   82.     Definitions  
           ENDNOTES