This legislation has been repealed.
(1) Where a person
dies leaving any stock of an amount not exceeding four hundred dollars the
Port Authority may, on being satisfied that all duty payable in respect
thereof under the provisions of the Administration Act 1903 (as
amended), has been paid or that no such duty is payable in respect thereof,
dispense with the production of probate of the will or letters of
administration of the estate as required by regulation 21 of these
regulations and may authorise the transmission of the stock to such person or
persons as appear to the satisfaction of the Port Authority to be lawfully
entitled thereto.
(2) No person shall
have any claim against the Port Authority in respect of any transmission in
pursuance of this regulation, but nothing in this regulation shall relieve the
person or persons to whom the stock is transmitted from any liability to
account for or deal with the stock as required by law.
(3) A person is not
required to re-seal in this State any probate of a will or letters of
administration of an estate in order that a transmission of stock may be
registered under these regulations if, in respect of the stock, the probate or
letters of administration is or are produced to the Registrar together with
the certificate of the Commissioner of Probate Duties of this State that no
duty is payable under the Administration Act 1903 (as amended), or his
receipt evidencing that all duty payable under that Act has been paid.