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CORPORATIONS ACT 2001 - SECT 601TDD

Option 2: annual management fee

             (1)  Instead of a capital commission and income commission under section 601TDC, the trustee company may charge an annual management fee (GST inclusive) at a rate not exceeding 1.056% of the gross value of the charitable trust's assets.

             (2)  The regulations may make provision relating to the management fee, including (but not limited to):

                     (a)  the calculation of the management fee or of the gross value of the charitable trust's assets; and

                     (b)  when, during a year, the management fee may be charged; and

                     (c)  apportionment of the amount of the management fee for part-years.



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