Singapore legislation

Section 23

of Public Trustee Act 1915

Section 23

Rules

Amended by44/20149/2003

(1)

The Minister may make rules for carrying into effect the objects of this Act, and in particular for all or any of the following purposes:

(a)

establishing the office of Public Trustee and prescribing the trusts or duties the Public Trustee is authorised to accept or undertake, and the security (if any), to be given by the Public Trustee and his or her officers;

(b)

the transfer to and from the Public Trustee of any property;

(c)

the accounts to be kept and an audit thereof;

(d)

the establishment and regulation of any branch office;

(e)

excluding any trusts from the operation of this Act or any part thereof;

(f)

the form and manner in which notices under this Act are to be given;

(g)

the payment of interest and income from investments;

(h)

the date from which interest, if allowed, is to be paid;

(i)

the management, investment and disposal of the Reserve Fund;

(j)

generally to carry out the provisions of sections 10 to 16;

(k)

the manner of authorisation of an agent by the Public Trustee under section 4(9) and the powers and duties of the agent.

Amended by44/2014

(2)

All rules made under this section must be presented to Parliament as soon as possible after publication in the Gazette.

Amended by9/2003
Section 23 — Public Trustee Act 1915 | laws.sg