Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 601TDE

Additional amount if trust money is in a common fund

  (1)   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.

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

  (a)   the calculation of the common fund administration fee or of the gross value of the charitable trust's assets in the fund; and

  (b)   when, during a year, the common fund administration fee may be charged; and

  (c)   the apportionment of the common fund administration fee for part - years.


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