Part 3 Charges on income

1.   In this Part –

gross income includes –

(a) capital gains realised, less the capital loss suffered arising from an investment in the common fund or another common investment fund maintained by the Public Trustee; and

(b) the gross income derived from a business carried on by the Public Trustee.

2.   The maximum charge on gross income received by the Public Trustee, including interest paid in respect of an account at credit in the common fund or another common investment fund maintained by the Public Trustee, is, subject to items 3 and 4, 6% of the gross income.

3.   The maximum charge on gross income, received by the Public Trustee, that is subject to an authorised charge for collection, is 3% of the gross income.

4.   The maximum charge on a Commonwealth pension, or superannuation pension, paid to the Public Trustee is 6% of the pension.