Public Trustee Act 1978

enter into any sharefarming agreement for any period not exceeding 3 years and renew any such sharefarming agreement; and

subject, where the sum to be expended exceeds $75,000 in the aggregate, to the sanction of the court, from time to time expend from the capital of any estate under administration such sum as may reasonably be required—

in the purchase of livestock, machinery, plant, implements and other chattels; or

in any undertaking or venture for the benefit or better management of the property, alone or in conjunction with others; and

open any separate account at a financial institution and of such nature for the purposes of any estate under administration as the public trustee thinks convenient; and

surrender or concur in surrendering any lease, and accept a lease; and

exercise, in whole or in part, as fully and effectually as if the public trustee were the absolute owner thereof, all rights arising out of any investment, including rights to acquire any stock, and for that purpose apply funds belonging to the estate under administration; and

grant powers of attorney to any person in or out of Queensland to do anything which the public trustee, if personally present, could do; and

with the approval of the Minister sell or otherwise deal with land forming part of the estate of a person in respect of which the Crown has any right by way of escheat or devolution or as bona vacantia; and

appropriate any part of the property in or towards satisfaction of any legacy payable thereout, or in or towards satisfaction of any share thereof (whether settled, contingent or absolute), to which any person is entitled, but so that—

the appropriation shall not be made so as to affect adversely any specific gift; and

before any such appropriation is effectual, notice thereof shall be given to—

all persons, not under a legal disability, who are interested in the appropriation and whose whereabouts are known to the public trustee; and

a parent or guardian of any infant who is interested in the appropriation; and

any person, other than the public trustee, having the care and management of the estate of any person who is not of full mental capacity and who is interested in the appropriation; and

the public trustee may alter or amend such appropriation and notice within 1 month from the giving of notice; and

any such person to whom such notice has been given may—

within 1 month after receipt of the notice or of the notice of amendment where amendment is notified; or

upon the person’s application to the court within that month, within such extended period as the court may allow;

when the whereabouts of any person interested are unknown to the public trustee—the period of 1 month within which such person may apply for the variation of the appropriation may be extended by the court for such period as the court thinks fit on the application of the public trustee or of any person interested; and

where the court is satisfied there are exceptional circumstances, it may, on the application of the public trustee, vary the appropriation at any other time.