New South Wales Consolidated Acts

NSW TRUSTEE AND GUARDIAN ACT 2009 - SECT 112

112 Payment of costs and fees from trust property

(cf PT Act, s 9 (2) and (4))

(1) The NSW Trustee may retain or pay out of any trust property any costs that the NSW Trustee could retain or pay if it were a private trustee. Any fees charged under this Act may be retained or paid in the same manner as, and in addition to, any such costs.

(2) The incidence of the fees and costs as between corpus and income is to be determined by the NSW Trustee.