Additional amount if trust money is in a common fund
601TDE Additional amount if trust money is in a common fund
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.
The regulations may make provision relating to the common fund administration fee, including (but not limited to):
the calculation of the common fund administration fee or of the gross value of the charitable trust’s assets in the fund; and
when, during a year, the common fund administration fee may be charged; and
the apportionment of the common fund administration fee for part‑years.
This provision refers to the regulations (The regulations may make
). Made under this Act:
- Corporations Regulations 2001 · under s 1364
85 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandumSecond reading speech
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