Section 601TDE — Corporations Act 2001: 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.