Public Trustee Act 1979

(1) Where, by virtue of section 66 of the Administration and Probate Act 1969 or another law in force in the Territory, an estate or interest in property, whether real or personal, is or is deemed to be bona vacantia to which the Territory is entitled, the Public Trustee may take such lawful action as is necessary or desirable to call in, recover, receive, sell, convert or otherwise dispose of or deal with the estate in property.

(2) Without limiting the power of the Public Trustee under subsection (1), the Public Trustee may, in relation to an estate or interest in property referred to in that subsection:

(a) apply for letters of administration, with or without a will annexed;

(b) execute all instruments, including instruments under the Land Title Act 2000, deeds and documents which are necessary to transfer the estate or interest in property;

(c) from amounts received, pay out liabilities, debts, costs, charges and expenses properly incurred and chargeable against the estate or interest in property; and

(3) The Public Trustee shall pay the net proceeds from property referred to in subsection (1) into the Central Holding Authority.

(4) This section does not apply to, or in relation to, property which is vested in the Australian Securities and Investments Commission by the Corporations Act 2001.

Part IX Miscellaneous