601TDB
In forceWhat the trustee company may charge
Volume 3Chapter 5A, Part 5A.1 to Chapter 6D, Part 6D.5 sections 601 to 742
Chapter 5DLicensed trustee companies
Part 5D.3Regulation of fees charged by licensed trustee companies
Division 4Fees for being trustee or manager of a charitable trust
Subdivision ANew client charitable trusts
601TDB What the trustee company may charge
(1)
For the provision of the service, the trustee company must only charge:
(a)
either:
(i)
a capital commission, and an income commission, as provided for in section 601TDC; or
(ii)
a management fee as provided for in section 601TDD; and
(b)
if applicable, common fund administration fees under section 601TDE; and
(c)
if applicable, fees permitted by section 601TDF in respect of the preparation of returns etc.
(2)
This section does not limit anything in Division 2.
This Act’s bill:Explanatory memorandumSecond reading speech
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