Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1072e:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1072E (pt 1/2)
Character Range: 4739158–4741728

1072E  Trustee etc. may be registered as owner of shares
 (1) In this section:
share, in relation to a body corporate, means a share in the body that is registered in a register kept in this jurisdiction.
 (2) A trustee, executor or administrator of the estate of a dead person who was the registered holder of a share in a corporation may be registered as the holder of that share as trustee, executor or administrator of that estate.
 (3) A trustee, executor or administrator of the estate of a dead person who was entitled in equity to a share in a corporation may, with the consent of:
 (a) the corporation; and
 (b) the registered holder of that share;
be registered as the holder of that share as trustee, executor or administrator of that estate.
 (4) If:
 (a) a person (the administrator) is appointed, under a law of a State or Territory relating to the administration of the estates of persons who, through mental or physical infirmity, are incapable of managing their affairs, to administer the estate of a person who is so incapable; and
 (b) the incapable person is the registered holder of a share in a corporation;
the administrator may be registered as the holder of that share as administrator of that estate.
 (5) If:
 (a) a person (the administrator) is appointed, under a law of a State or Territory relating to the administration of the estates of a person who, through mental or physical infirmity, are incapable of managing their affairs, to administer the estate of a person who is so incapable; and
 (b) the incapable person is entitled in equity to a share in a corporation;
the administrator may, with the consent of the corporation and of the registered holder of that share, be registered as the holder of the share as administrator of that estate.
 (6) If:
 (a) by virtue of the Bankruptcy Act 1966, a share in a body corporate, being the property of a bankrupt, vests in the Official Trustee in Bankruptcy; and
 (b) the bankrupt is the registered holder of that share;
the Official Trustee may be registered as the holder of that share as the Official Trustee in Bankruptcy.
 (7) If:
 (a) by virtue of the Bankruptcy Act 1966, a share in a body corporate, being the property of a bankrupt, vests in the Official Trustee in Bankruptcy; and
 (b) the bankrupt is entitled in equity to that share;
the Official Trustee may, with the consent of the body and of the registered holder of that share, be registered as the holder of that share as the Official Trustee in Bankruptcy.
 (8) A person registered under subsection (2), (3), (4), (5), (6)