44Cessation of management

44 Cessation of management (1) The public trustee and guardian shall cease to be manager of property where— (a) the property is transferred to a person under section 43 (1); or (b) the property is transferred to a person in consequence of a notice having been given to the person under section 43 (1) or (2); or (c) the property is sold under section 43 (3); or (d) the property, being money, is paid to the Territory under section 43 (3), (5) or (6); or (e) the property is transferred to a person under, or effect is otherwise given to, an order made under section 43 (4); or (f) the property is sold or otherwise disposed of under section 43 (5) or (6).

(2) On ceasing to be manager of property under subsection (1) (c) or (f), the public trustee and guardian shall, after deduction of all costs and charges lawfully due to the public trustee and guardian or any other person in connection with the property, pay to the Territory any proceeds of sale of the property. (3) The cessation under this section or section 39 (7) of the authority of the public trustee and guardian to act as manager under this part does not affect any charge acquired by the public trustee and guardian in respect of the property, or the validity of any act or thing done by the public trustee and guardian in connection with the property, while acting in that capacity.