Document ID: chunk:federal_register_of_legislation:C2009A00108:clause:2_601tdd
Version: federal_register_of_legislation:C2009A00108
Segment Type: clause
Provision Reference: sch 2 cl 601TDD
Character Range: 59631–60252

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.