Section 601TDD — Corporations Act 2001 (Cth)

(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.

Related sections

• s 601TDA — Subdivision applies to new client charitable trusts
• s 601TDB — What the trustee company may charge
• s 601TDC — Option 1: capital commission and income commission
• s 601TDE — Additional amount if trust money is in a common fund
• s 601TDF — Additional amount for preparation of returns etc.
• s 601TDG — Subdivision applies to existing client charitable trusts

Research how courts apply s 601TDD

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