{"id":"tas:sr-2016-079","name":"Trustee Companies Regulations 2016","slug":"trustee-companies-regulations-2016","collection":"regulation","jurisdiction":"tas","status":"in_force","isInForce":true,"actNumber":"79 of 2016","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":186344,"registerId":"tas-tas:sr-2016-079-current","compilationNumber":null,"startDate":"2026-04-05","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Short title","content":"### 1 Short title\n\n> These regulations may be cited as the [Trustee Companies Regulations 2016](/view/html/inforce/2026-04-12/sr-2016-079) .","sortOrder":0},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"### 2 Commencement\n\n> These regulations take effect on 27 September 2016.","sortOrder":1},{"sectionNumber":"3","sectionType":"section","heading":"Interpretation","content":"### 3 Interpretation\n\n> In these regulations –\n> \n> > ***Act*** means the [Trustee Companies Act 1953](/view/html/inforce/2026-04-12/act-1953-072) .","sortOrder":2},{"sectionNumber":"4","sectionType":"section","heading":"Prescribed amounts under section 10A of Act","content":"### 4 Prescribed amounts under section 10A of Act\n\n> > (1)  For the purposes of [section 10A(1)(c)](/view/html/inforce/2026-04-12/act-1953-072#GS10A@Gs1@Hpc@EN) of the Act, the prescribed amount is $80 000.\n> \n> > (2)  For the purposes of [section 10A(6)(a)](/view/html/inforce/2026-04-12/act-1953-072#GS10A@Gs6@Hpa@EN) of the Act, the prescribed amount is $85 000.\n\nDisplayed and numbered in accordance with the *[Rules Publication Act 1953](/view/html/inforce/current/act-1953-050)*.\n\nNotified in the *Gazette* on 27 September 2016\n\nThese regulations are administered in the Department of Justice.","sortOrder":3}],"analysis":{"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The regulations merely prescribe specific monetary figures for application of section 10A and set commencement and interpretation; they do not expand or narrow the statutory scope of the Trustee Companies Act itself as evident from the text."},"complexity_factors":["Very narrow subject matter: prescribes two numeric amounts only (Regulation 4).","Direct dependency on the Trustee Companies Act 1953, specifically section 10A (Regulation 3 defines the Act; Reg.4 references s10A).","Clear commencement date reduces temporal ambiguity (Regulation 2).","No discretionary standards or procedural rules in the instrument—low regulatory interpretation burden.","Administrative ownership specified (Department of Justice noted in the instrument), suggesting single-agency oversight but no new enforcement mechanisms."],"plain_english_summary":"These regulations set two fixed dollar thresholds used by section 10A of the Trustee Companies Act 1953: $80,000 (for s10A(1)(c)) and $85,000 (for s10A(6)(a)). They commenced on 27 September 2016 and are administered by the Department of Justice. The practical effect is that trustee companies, trustees and parties applying s10A must use these prescribed amounts when determining whether particular statutory rules or requirements in s10A apply."},"summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"Insufficient content was provided to assess whether the scope changed from the original legislative intent. The document contains only status and metadata information. No amendments appear to have been made since the regulation commenced on 27 September 2016."},"complexity_factors":["Only administrative metadata was provided — no substantive regulatory content was available for analysis","Trustee law generally involves complex fiduciary duties (legal obligations to act in another's best interest) and estate administration concepts, which would increase complexity if the full text were present","Interaction between state-level Tasmanian regulation and any Commonwealth trustee company framework could add complexity","Short and apparently unchanged since commencement (no amendments noted), suggesting limited complexity in scope"],"plain_english_summary":"This regulation governs trustee companies in Tasmania — the professional firms that manage estates, trusts and financial affairs for clients (including deceased estates and people lacking capacity). It affects those companies, their clients, and beneficiaries by setting the detailed operational rules that support the Trustee Companies Act.\n\nThe provided text only shows administrative metadata; the substantive provisions aren’t included, so a full legal analysis requires the actual regulatory content."},"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This regulation performs exactly the limited, technical function it was designed for — prescribing monetary thresholds for the parent Act. There is no scope creep; it has not expanded beyond setting these two specific amounts."},"complexity_factors":["Only 4 operative sections total","Single defined term ('Act')","No cross-references beyond the parent Act","No conditional logic, exceptions, or nested provisions","Purely mechanical: inserts two dollar figures into existing legislative framework"],"plain_english_summary":"This is a short, technical regulation that sets two specific dollar amounts for the **Trustee Companies Act 1953**.\n\n**What it does:**\n- Sets a **$80,000 threshold** for when trustee companies must give certain notices to beneficiaries about their rights to inspect trust documents (section 10A(1)(c) of the Act).\n- Sets an **$85,000 threshold** for a related provision about how that notice requirement applies when there are multiple trusts (section 10A(6)(a) of the Act).\n\n**Who it affects:**\n- **Trustee companies** (businesses that manage trusts, estates, and investments for clients)\n- **Beneficiaries** of trusts managed by these companies — specifically those whose trust funds are below these dollar thresholds\n\n**Why it matters:**\nThese dollar figures determine when trustee companies can skip certain paperwork requirements. If a beneficiary's interest in a trust is below $80,000 (or $85,000 in multi-trust situations), the company has fewer obligations to notify them about their right to see trust documents. This creates a practical cutoff for administrative burdens — smaller beneficiaries don't trigger the same notification rules as larger ones."}},"importantCases":[],"_links":{"self":"/api/acts/trustee-companies-regulations-2016","history":"/api/acts/trustee-companies-regulations-2016/history","analysis":"/api/acts/trustee-companies-regulations-2016/analysis","conflicts":"/api/acts/trustee-companies-regulations-2016/conflicts","importantCases":"/api/acts/trustee-companies-regulations-2016/important-cases","documents":"/api/acts/trustee-companies-regulations-2016/documents"}}