Public Trustee gets major overhaul after 60 years
Source: Western Australia. Attorney General. Media Release
"Financial and estate services offered by Western Australia’s Public Trustee will be expanded to ensure that clients have access to modern financial services and more attractive fees. Attorney General Jim McGinty said amendments to the legislation governing the Public Trustee made its services more competitive with other providers.“The Public Trustee’s legislative framework has remained largely unchanged for over 60 years,” Mr McGinty said. “One of the most important changes will be to allow the Public Trustee to offer clients more options in investing their money.
This legislation will allow the Public Trustee to set up a number of funds with diverse investment strategies to meet the short and long-term needs of the different types of clients it services."