New Zealand Legislation: Acts
Acts are laws made by Parliament
Reprint as at 1 March 2002
| Private Act | 1988 No 1 |
| Date of assent | 31 March 1988 |
| Commencement | 1 April 1988 |
Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.
A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.
1 Short Title and commencement
3 Act to bind the Crown and other persons
5 Company to continue under this Act
6 Company may act as executor and obtain probate
7 Company's liability to be same as private individual
8 Court or Judge may order account
9 Court or Judge may order examination of records
10 Company not to wind up without approval of court
12 Company authorised to transact any business with AMP Society or subsidiaries
13 Jurisdiction and powers of High Court not to be affected
14 Return of securities held for purposes of Trustee Companies Act 1967
An Act—
(a) to provide for a change of name by the Perpetual Trustees, Estate, and Agency Company of New Zealand (Limited); and
(b) to authorise the Company to transact business with the Australian Mutual Provident Society and with other subsidiaries of that society; and
(c) to consolidate the provisions of the Perpetual Trustees, Estate, and Agency Company Act 1884 and its amendments
Whereas, from the uncertainty of human life, and from other causes, great difficulty has from time to time arisen in securing the services of suitable persons for the office of executor, trustee, liquidator, guardian, and other similar offices: And whereas, in order to secure the more certain discharge of the duties of those offices a company by the name of the Perpetual Trustees, Estate, and Agency Company of New Zealand (Limited) (hereinafter called the Company) was, on 16 April 1884, formed and incorporated under the Companies Act 1882 with the object, among other purposes, of affording persons the opportunity of obtaining the services of a permanent corporation for the performance of the duties of those offices: And whereas, by the Perpetual Trustees, Estate, and Agency Company Act 1884, the Company has the power to act as executor, trustee, liquidator, guardian, or in any other similar capacity, to perform and discharge all the duties of those offices, and to receive remuneration for those duties: And whereas, the Company is a trustee company within the meaning of the Trustee Companies Act 1967: And whereas the Company is now a wholly owned subsidiary of the Australian Mutual Provident Society (hereinafter called the AMP Society): And whereas the Company desires to change its name to AMP Perpetual Trustee Company N.Z. Limited: And whereas the Company also desires the power to transact with the AMP Society or any subsidiary of that society, should it think fit to do so, any business in connection with any estate or trust property that the Company may from time to time administer: And whereas legislation is the only expedient means by which the change of name of the Company and the empowering of the Company to transact any business with the AMP Society and with other subsidiaries of that society can be effected or permitted efficiently and economically and without interference with the conduct and continuity of the Company, the trusts under its administration, the Company's clients, and other persons having business with the Company: And whereas some of the objects of this Act cannot be attained otherwise than by legislation.
