6Maximum fees for trustee matters and managed estates

6 Maximum fees for trustee matters and managed estates

6 Maximum fees for trustee matters and managed estates

(1) The NSW Trustee may charge an estate the following fees, up to the amount prescribed for each fee—

(a) a monthly administration fee of 0.1 fee units for each account kept for the estate,

(b) for an asset of the estate that is real estate—

(i) for an inspection or valuation, including writing a report—1.5 fee units per hour, and

(ii) to prepare specifications to repair or renovate a building or structure—1.5 fee units per hour, and

(iii) for a second or later inspection of repairs or renovations and a report on progress of the repairs or renovations—1.16 fee units per hour,

(c) for a common fund—

(i) to manage an investment for a managed person—0.35% per annum of the value of the investment, or

(ii) otherwise—0.35% per annum of the capital sums invested for the estate.

(2) The NSW Trustee may charge an estate or person a fee to prepare or give advice about financial matters of no more than 2.75 fee units per hour.

(3) In this section—

building includes part of a building.

structure includes moveable and fixed structures.