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Article 30 Management fee

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

A management fee shall be payable where the Public Trustee is acting as trustee of a superannuation scheme or is managing funds on behalf of the trustees of a friendly society.

(2)

The management fee shall be payable annually on the accounting date and shall be charged at such amount commensurate with the amount of work involved and the capital value of the Fund on the relevant accounting date as the Public Trustee may agree with the trustees.