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{
    "id": 768392,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/768392/?format=api",
    "text_counter": 284,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "I will do a highlight of this Bill. Clause 3 of this Bill proposes to amend the principal Act by inserting a new sub-section 2A, which will introduce the objects of the Act and this includes the establishment of a Public Trustee Investment Board for purposes of investment. These huge resources within this department must have an element of a Trustee Investment Board for investment of those resources. Clause 4 repeals section 3 of the principal Act which I have said is the Public Trustee Act, Cap. 168. This Bill is an amendment to the current principal Act that is in existence. The reason why we are repealing is that it excludes the jurisdiction of the Public Trustee of a property that is owned communally. Yet, the Public Trustee should be administering the estate of the deceased person who has an interest in land or assets. The section we are repealing was dealing with a community so that this law now deals only with the deceased person’s interests in land or assets which are owned communally."
}