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Public Trustee Act 1979
64Commission, &c., a charge
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64 Commission, &c., a charge
(1) All expenditure incurred by the Public Trustee as manager of any
property under this Part and all fees, costs, commission, charges,
interests and expenses incurred by, or payable to, the Public
Trustee as manager of any property under this Part shall be a
charge on the property which charge shall rank next in priority to
any mortgage or charge to which the property is subject when the
Public Trustee is appointed as manager.
(2) The amount of money for the time being charged on the property
under subsection (1) shall bear interest at a rate fixed from time to
time by the Public Trustee.