27Audit

27 Audit (1) A trustee may, in his absolute discretion, from time to time, cause the accounts of the trust property to be examined or audited by a person who publicly carries on the business of an accountant, and shall for that purpose produce such vouchers and give such information to that person as he may require. (2) The costs of the examination or audit, including the fee of the person making the examination or audit, shall be charged against the capital or income of the trust property, or partly in one way and partly in the other, as the trustee may in his absolute discretion think fit. (3) In default of any direction, in any special case, by the trustee to the contrary, costs attributable to capital shall be borne by capital and those attributable to income by income. S. 27(4) amended by Nos 55/1987 s. 57(3)(Sch. 5 item 63), 45/1994 s. 42(Sch. item 12.7). (4) Where the trustee or one of the trustees is an incorporated company, nothing in this section shall, except in the case of a business forming part of the trust property, authorize any costs or fee to be paid out of or borne by the capital or income of the trust property unless the Court approves of such costs or fee being paid out of or borne by such capital or income. No. 5770 s. 28.