5
In forceRemuneration of advisory trustees
5 Remuneration of advisory trustees
If an advisory trustee is appointed in accordance with section 22 of the Act, the advisory trustee is to be remunerated, subject to the provisions of a relevant trust instrument, at a rate – subject to paragraph (b), that is determined by the Public Trustee with the agreement of the trustees; and that does not exceed 2% of the gross capital value of the estate of which the person is the advisory trustee.
Unless otherwise specified, the remuneration determined under subregulation (1) is determined exclusive of GST.
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