Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 601TDI

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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