CTHRepealedLegislation
Private Ancillary Fund Guidelines 2009
Fees and expensesFees and expenses
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Fees and expenses
- The trustee may apply income or capital of a *private ancillary fund:
• to reimburse the trustee for reasonable expenses incurred on behalf of the fund; and
• to pay fair and reasonable remuneration for the trustee’s services in administering the fund.
Note: A trustee incurs reasonable expenses on behalf of a fund when providing reasonable remuneration benefits to some of the individuals listed in guideline 42 (including providing benefits of a minor or incidental nature to an employee).