Division 3Miscellaneous

Division 3 Miscellaneous

7.   The maximum rate of capital commission chargeable on money paid to the Public Trustee to be held or administered in terms of a court order or otherwise is the sum of –

(a) 2.5% on the first $100 000 of the money or part of that amount; and

(b) 2% on the next $400 000 of the money or part of that amount; and

(c) 1% on the money in excess of $500 000.

8.   The maximum rate of capital commission chargeable on an estate administered and realised under the Guardianship and Administration Act 1995 , if the Public Trustee is or is taken to be the executor or administrator of the estate, is the sum of –

(a) 4.09% on the first $200 000 of the estate or part of that amount; and

(b) 3.18% on the next $200 000 of the estate or part of that amount; and

(c) 2.27% on the next $200 000 of the estate or part of that amount; and

(d) 1.36% on the estate in excess of $600 000.

9.   The maximum charge on the gross value of property that is the whole, or part, of an estate administered under the Guardianship and Administration Act 1995 which is not realised but is transferred to the person entitled, or to his or her personal representative, on the termination of the Public Trustee’s administration, is 2% of the value of the property.

10.   The maximum charge on money paid to the Public Trustee at the discretion of trustees, or managers, of a superannuation, retirement or provident fund or other similar scheme, for the administration on behalf of the beneficiaries, is 3% of the money so paid.

11.   Subject to item 12, the maximum rate of capital commission chargeable on proceeds collected on a policy of insurance, in respect of damage to property or loss by fire or otherwise, that are retained and administered by the Public Trustee, is the sum of –

(a) 4.09% on the first $200 000 of the proceeds or part of that amount; and