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Wills, Probate and Administration Regulation 1998

[1998-515]


NSW Crest

Status Information

Currency of version
Repealed version for 28 August 1998 to 31 August 2003 (accessed 20 May 2013 at 07:06).
Legislation on this site is usually updated within 3 working days after a change to the legislation.

Provisions in force
The provisions displayed in this version of the legislation have all commenced. See Historical notes

Note:
The Regulation was repealed by the Subordinate Legislation Act 1989 No 146, sec 10 (2) with effect from 1.9.2003.

Authorisation
This version of the legislation is compiled and maintained in a database of legislation by the Parliamentary Counsel's Office and published on the NSW legislation website, and is certified as the form of that legislation that is correct under section 45C of the Interpretation Act 1987.

File last modified 1 September 2003.

Contents

Explanatory Note

1 Name of Regulation
2 Commencement
3 Definition
4 Notes
5 Prescribed amount—value of intestate estate for purpose of distribution
6 Prescribed rate—interest on legacies and annuities
7 Repeal

Historical notes

NSW Crest

His Excellency the Lieutenant-Governor, with the advice of the Executive Council, has made the following Regulation under the Wills, Probate and Administration Act 1898.

JEFFREY SHAW, Q.C., M.L.C.,

Minister for Industrial Relations

Explanatory note

The object of this Regulation is to repeal and remake, with minor changes only, the provisions of the Wills, Probate and Administration Regulation 1993. The new Regulation:

(a)  sets $150,000 as the amount at or below which a deceased person’s spouse is entitled to the whole of the deceased person’s estate (to the exclusion of any children of the deceased person) in the event that the deceased person has died without having made a will (clause 5), and
(b)  sets 6 per cent per year as the rate at which interest is payable on a legacy or on the arrears of any annuity granted under a will (clause 6), and
(c)  makes other provisions of a minor, consequential or ancillary nature (clauses 1, 2, 3, 4 and 7).

This Regulation is made under the Wills, Probate and Administration Act 1898, including section 153 (the general regulation-making power) and sections 61A and 84A.

This Regulation is made in connection with the staged repeal of subordinate legislation under the Subordinate Legislation Act 1989.

1   Name of Regulation

This Regulation is the Wills, Probate and Administration Regulation 1998.

2   Commencement

This Regulation commences on 1 September 1998.

3   Definition

In this Regulation:

the Act means the Wills, Probate and Administration Act 1898.

4   Notes

The explanatory note and table of contents do not form part of this Regulation.

5   Prescribed amount—value of intestate estate for purpose of distribution

(1)  The object of this clause is to set the amount at or below which a deceased person’s spouse is entitled to the whole of the deceased person’s estate (to the exclusion of any children of the deceased person) in the event that the deceased person has died without having made a will.
(2)  For the purpose of paragraph (b) of the definition of prescribed amount in section 61A (2) of the Act, the amount of $150,000 is prescribed.

6   Prescribed rate—interest on legacies and annuities

(1)  The object of this clause is to set the rate at which interest is payable on a legacy or on the arrears of any annuity granted under a will.
(2)  For the purpose of section 84A (1) of the Act, the prescribed rate is 6 per cent per year.

7   Repeal

(1)  The Wills Probate and Administration Regulation 1993 is repealed.
(2)  Any act, matter or thing that, immediately before the commencement of this Regulation, had effect under the Wills Probate and Administration Regulation 1993 is taken to have effect under this Regulation.

Historical notes

The following abbreviations are used in the Historical notes:

Am

amended

LW

legislation website

Sch

Schedule

Cl

clause

No

number

Schs

Schedules

Cll

clauses

p

page

Sec

section

Div

Division

pp

pages

Secs

sections

Divs

Divisions

Reg

Regulation

Subdiv

Subdivision

GG

Government Gazette

Regs

Regulations

Subdivs

Subdivisions

Ins

inserted

Rep

repealed

Subst

substituted

Table of amending instruments

Wills, Probate and Administration Regulation 1998 published in Gazette No 126 of 28.8.1998, p 6895.

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