A trustee company appointed as administrator under the GAA is not also a trustee of the administered funds, even where the court order uses the word 'trust'. The remuneration of a trustee company acting as administrator under the GAA is regulated by the Trustee Companies Act 1968, not by s 48 of the GAA, because s 48(3) excludes trustee companies from the operation of ss 48(1) and (2). A litigation guardian's authority under UCPR r 93(2) does not extend to entering into agreements about administrator's fees that take effect after the proceeding has concluded. The Tribunal may authorise conflict transactions retrospectively under s 37 GAA.
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