Queensland Consolidated Acts

TRUSTS ACT 1973 - SECT 101

101 Remuneration of trustee

(1) The court may, in any case in which the circumstances appear to it so to justify, authorise any person to charge such remuneration for the person’s services as trustee as the court may think fit.

(2) In the absence of a direction to the contrary in the instrument creating the trust, a trustee, being a person engaged in any profession or business for whom no benefit or remuneration is provided in the instrument, is entitled to charge and be paid out of the trust property all usual professional or business charges for business transacted, time expended, and acts done by the person or the person’s firm in connection with the trust, including acts which a trustee not being in any profession or business could have done personally; and, on any application to the court for remuneration under subsection (1) , the court may take into account any charges that have been paid out of the trust property under this subsection.

(3) For the purpose of this section—

"trustee" includes a custodian trustee.