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 601TDE   ADDITIONAL AMOUNT IF TRUST MONEY IS IN A COMMON FUND  

601TDE(1)   [ Common fund administration fee]  

If any of the charitable trust's assets are included in a common fund operated by the trustee company, the trustee company may charge an annual common fund administration fee (GST inclusive) not exceeding 1.1 % of the gross value of the charitable trust's assets in the fund.

601TDE(2)   [ Regulations]  

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


(a) the calculation of the common fund administration fee or of the gross value of the charitable trust's assets in the fund; and


(b) when, during a year, the common fund administration fee may be charged; and


(c) the apportionment of the common fund administration fee for part-years.


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