The Public Trustee examines the accounts of private administrators of another person's estate.
The annual examination helps to ensure the protection of a represented person's estate. It also helps the administrators by providing an independent review of the accuracy of the accounts.
When a Private Administrator is appointed by the State Administrative Tribunal they are required to file an Estate Information Form and file annual accounts with the Public Trustee.
The Public Trustee examines the accounts in accordance with section 80 of the Guardianship and Administration Act 1990 and assesses whether they should be allowed. A report is prepared and a recommendation is made to the Public Trustee.
Allowed accounts refer to accounts where the record keeping is of an acceptable standard and the estate has been administered in the best interest of the represented person. If the Public Trustee finds that the accounts are in good order, the Public Trustee will inform the administrator in writing.
If the accounts are not allowed, the Public Trustee will generally report the circumstances to the State Administrative Tribunal. Where a loss is determined, the Public Trustee may issue a certificate as to the amount of the loss and the Administrator may be held personally responsible for that amount.
Last updated: 14-Jan-2016
[ back to top ]