Administration (Prescribed Amounts) Regulations 2009

2009/70

Crest

Administration (Prescribed Amounts) Regulations 2009

Anand Satyanand, Governor-General

Order in Council

At Wellington this 6th day of April 2009

Present:
His Excellency the Governor-General in Council

Pursuant to section 82A(1) of the Administration Act 1969, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following regulations.

Regulations

1 Title

  • These regulations are the Administration (Prescribed Amounts) Regulations 2009.

2 Commencement

  • These regulations come into force on 1 June 2009.

3 Interpretation
4 Prescribed amount for purposes of sections 64, 64A, and 65 of Act
5 Prescribed amount for purposes of section 77 of Act

  • For the purposes of section 77 of the Act, the prescribed amount is $155,000.

Michael Webster,
for Clerk of the Executive Council.

Explanatory note

This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come into force on 1 June 2009, prescribe amounts for the purposes of sections 64, 64A, 65, and 77 of the Administration Act 1969. The updated amounts reflect inflationary changes since the default amounts in section 82A(2) and (3) of the Act were set in 1998.

The amount prescribed for the purposes of sections 64(1), 64A(3), and 65(2) and (5) provides the maximum value of certain individual assets that can be distributed by an executor without obtaining probate. Regulation 4 increases this amount from $11,000 to $15,000.

The amount prescribed for the purposes of section 77 is the amount from a deceased person's estate that his or her surviving spouse or partner will receive if the deceased person died intestate. Regulation 5 increases this amount from $121,500 to $155,000.

Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 9 April 2009.

These regulations are administered by the Ministry of Justice.