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Queensland regulation
What is this? This is a Queensland government regulation that sets out the operational rules for the Public Trustee — the government body that manages money and assets for people who can't manage their own affairs (such as deceased estates, people under guardianship, or those who have unclaimed superannuation).
Who does it affect?
What does it actually do?
Interest on your money: Sets how interest is calculated on money the Public Trustee holds for you. It's tied to the Reserve Bank of Australia's 6-month term deposit rate (updated twice a year — in April and October). Courts or agreements can sometimes get you a higher rate.
Unclaimed superannuation: Defines which unclaimed super benefits fall under Queensland law — broadly, if the super fund is registered in Queensland or mainly run from Queensland, these rules apply. This can even cover funds and people located overseas.
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Direct links to the current provisions in Public Trustee Regulation 2023.
Zoe has indexed the source text for search and analysis. Use the official register for the original document and download formats.
View on official registerSourced from Queensland Legislation (legislation.qld.gov.au), CC BY 4.0.
Account statements: The Public Trustee must regularly prepare financial statements for every estate it manages. You can get a free copy if you have an interest in the estate; extra or non-standard copies cost a fee.
Legal fees: The Public Trustee's in-house lawyer (the "official solicitor," including for property transfers/conveyancing) charges fees that must be fair and reasonable. All money collected goes into the common fund.
Fee waivers: The Public Trustee can waive (reduce or cancel) fees — unless the Minister says they can't.
Legal help for the vulnerable: If someone is denied Legal Aid or doesn't qualify, the Public Trustee can step in and pay for a lawyer to help them in civil (non-criminal) court cases.
Advisory trustee pay: The Public Trustee and an advisory trustee can agree on what the advisory trustee gets paid, subject to any court order or the terms of the trust document.
Housekeeping: Rules about the Public Trustee's official seal, how documents must be signed, and continuity from the old 2012 regulation.
Why does it matter? If the Public Trustee is managing money or assets that belong to you or a deceased family member, this regulation directly affects how much interest your money earns, what fees you might be charged, and what financial information you're entitled to receive.