Public Trust

 
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PLAN IN RELATION TO THE STRATEGY FOR THE DEVELOPMENT OF SAMOA

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q       The Office continues to embrace the concepts of transparency and accountability, which are central to the Government’s drive to develop the Public Sector in relation with the Private Sector.

     This Plan is also supportive of the Strategy for the Development of Samoa via its provision of an efficient estate administration role. It further envisages the improvement of a system of managing trust funds to maintain the confidence of trust beneficiaries.

Community Service Obligations

     In accordance with the provisions contained in Part III of the Public Bodies (Performance and Accountability) Act 2001 Act, the Public Trustee may from time to time perform community service obligations as appropriately directed. It is submitted that community service obligations should be construed to encompass the responsibility of the Public Trustee to administer estates and trusts notwithstanding that the financial value of these matters prohibits full cost recovery.

     As at the present, and by this definition, matters classified as community service obligations account for a large percentage of the cases administered by the Public Trustee.

     It is intended in the 2012 – 2013 financial year to negotiate with the Ministry of Finance, as regulator of Public Beneficial Bodies and Public Trading Bodies, to seek to enter into an agreement with the Public Trustee to fund the provision of specified community service obligations in an agreed annual amount to relieve poverty and expedite administration of small and non-viable estates.

Support for Samoan Business

     The Public Trustee supports Samoan business by sourcing all services and supplies within Samoa where those services and supplies are competitively available at the standard required by the Public Trustee.

     Work is currently being undertaken to review and amend the Public Trust Office Act 1975 both to facilitate service delivery and with a view to expand the scope of the Office’s services in Samoa in areas such as:

  • Disability Law
  • Elder Law
  • Unclaimed Money
  • Enduring Powers of Attorney
  • Living Wills
  • Custodial Services
  • Improved Investigatory Powers
  • Receipting Foreign Charitable Funds and Trusts

 

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