trustee services
IndustryReferenced in 2 bills
Public Trustee (Advisory and Monitoring Board) Amendment Bill 2021
This bill creates an independent advisory and monitoring board to oversee the Public Trustee of Queensland. It responds to a 2021 review that found the Public Trustee needed greater transparency and accountability in how it manages the financial affairs of vulnerable Queenslanders, particularly people with impaired decision-making capacity.
Trusts Bill 2024
This bill would replace Queensland's 50-year-old trusts legislation with a modernised law based on a Queensland Law Reform Commission review. It clarifies the powers and duties of trustees, makes it easier to replace trustees who die or lose capacity, and provides cheaper options for resolving trust disputes. The bill lapsed and did not become law when the 57th Parliament ended.