57Administration of assets

57 Administration of assets (1) Where the estate of a deceased person is sufficient for the payment in full of all the expenses, debts and liabilities payable from the estate, his or her real and personal property is, subject to the provisions of his or her will, if any, and to any law in force in the Territory as to charges on property, applicable in the order set out in Part I of Schedule 4 for the payment of the expenses, debts and liabilities payable from the estate. (2) Where the estate of a deceased person is insufficient for the payment in full of all the expenses, debts and liabilities payable from the estate, his or her real and personal property shall, subject to the Bankruptcy Act 1966 of the Commonwealth, be administered in accordance with the rules set out in Part II of Schedule 4. Administration and Probate Act 1969 19