Document ID: chunk:federal_register_of_legislation:C2018C00169:section:54:p1
Version: federal_register_of_legislation:C2018C00169
Segment Type: section
Provision Reference: s 54 (pt 1/2)
Character Range: 159812–162360

54  Protection of Official Trustee from personal liability in certain cases
 (1) Where:
 (a) a court has made a restraining order directing the Official Trustee to take custody and control of all the property of a person or of all the property of a person other than specified property;
 (b) the Official Trustee has taken custody and control of any property, without notice of any claim by another person in respect of that property; and
 (c) the first‑mentioned person did not, at the date of the restraining order, have any beneficial interest in the property referred to in paragraph (b);
the Official Trustee is not personally liable for:
 (d) any loss or damage arising from its having taken custody and control of the property sustained by a person claiming the property or an interest in the property; or
 (e) the cost of proceedings taken to establish a claim to the property or to an interest in the property;
unless the court in which the claim is made is of the opinion that the Official Trustee has been guilty of negligence in respect of the taking of custody and control of the property.
 (2) Where the Official Trustee has, in accordance with a restraining order made in reliance on a person's conviction of an offence or in reliance on the charging, or proposed charging, of a person with an offence, taken custody and control of property specified in the restraining order, the Official Trustee is not personally liable for:
 (a) any loss or damage arising from its having taken custody and control of the property (being loss or damage sustained by some other person claiming the property or an interest in the property); or
 (b) the cost of proceedings taken to establish a claim to the property, or to an interest in the property;
unless the court in which the claim is made is of the opinion that the Official Trustee has been guilty of negligence in respect of the taking of custody and control of the property.
 (3) The Official Trustee is not personally liable for any rates, land tax or municipal or other statutory charges imposed by or under a law of the Commonwealth or of a State or Territory in respect of property of which it has been directed by a restraining order to take custody and control, being rates, land tax or municipal or other statutory charges that fall due on or after the date of the order, except to the extent, if any, of the rents and profits received by the Official Trustee in respect of that property on or after the date of the order.
 (4) Where the Official Trustee, having been directed by a