Dictionary
Schedule 2 Dictionary
section 3
90 day bank accepted bill rate, for the relevant day for a quarter, means the 90 day bank accepted bill rate published by the Reserve Bank of Australia on its website for the relevant day for the quarter.
class 1 amount means—
an amount received by the public trustee under part 3 of the Act for an estate under administration, other than an amount that is class 2 amount; or
an amount received by the public trustee under section 59 of the Act for an estate under administration.
class 2 amount means an amount received by the public trustee for an estate under administration as agent, attorney, liquidator, receiver or manager.
class 3 amount means an amount received by the public trustee for an estate under administration—
as manager of the estate under part 6 or 7 of the Act; or
as administrator for a financial matter under the Guardianship and Administration Act 2000.
class 4 amount means an amount credited to the unclaimed moneys fund for an estate under administration.
class 5 amount means an amount received by the public trustee under any Act for an estate under administration, other than an amount that is a class 1 amount, a class 2 amount, a class 3 amount or a class 4 amount.
quarter means any of the following periods—
1 September to 30 November;
1 December to the last day in February;
1 March to 31 May;
1 June to 31 August.
relevant day, for a quarter, means—
for the quarter beginning on 1 September—the last business day in the preceding August; or
for the quarter beginning on 1 December—the last business day in the preceding November; or
for the quarter beginning on 1 March—the last business day in the preceding February; or
for the quarter beginning on 1 June—the last business day in the preceding May.
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