4AObjectives of Act

4A Objectives of Act The objectives of this Act are: (a) to provide for a manager, administrator, executor or trustee of last resort; (b) to provide a trustee and executor service to the public that is an alternative to the services provided by the private sector; and (c) to provide for the establishment of common funds for investment purposes.

Part I Preliminary Public Trustee Act 1979 3 5 Definitions In this Act, unless the contrary intention appears: administrator includes: (a) a person to whom a grant of probate or administration is made; and (b) the Public Trustee, where he or she is authorized by this Act to administer an estate without a grant being made. common fund means the common fund established under section 23. court, in relation to a matter, means a court having jurisdiction in that matter. Court means the Supreme Court of the Northern Territory. employee has the same meaning as it has in the Public Sector Employment and Management Act 1993. estate includes a trust estate. grant of administration, in relation to an estate under the control of the Public Trustee, includes an election to administer by the Public Trustee, the grant of probate or letters of administration either with a will annexed or in the estate of an intestate deceased person or any other order of the Court authorizing the Public Trustee to administer the estate. Investment Board means the Public Trustee Investment Board constituted by this Act. Judge means a Judge of the Supreme Court of the Northern Territory. Public Trustee means the Public Trustee appointed under section 8. repealed Acts means the Acts set out in Schedule 1 and Schedule 2. will includes a testamentary disposition of any kind.