CORPORATIONS ACT 2001

CHAPTER 5D - LICENSED TRUSTEE COMPANIES  

PART 5D.3 - REGULATION OF FEES CHARGED BY LICENSED TRUSTEE COMPANIES  

Division 4 - Fees for being trustee or manager of a charitable trust  

Subdivision A - New client charitable trusts  

SECTION 601TDD   OPTION 2: ANNUAL MANAGEMENT FEE  

601TDD(1)   [ Rate of annual management fee]  

Instead of a capital commission and income commission under section 601TDC , the trustee company may charge an annual management fee (GST inclusive) at a rate not exceeding 1.056 % of the gross value of the charitable trust's assets.

601TDD(2)   [ Regulations]  

The regulations may make provision relating to the management fee, including (but not limited to):


(a) the calculation of the management fee or of the gross value of the charitable trust's assets; and


(b) when, during a year, the management fee may be charged; and


(c) apportionment of the amount of the management fee for part-years.


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