New South Wales Consolidated Acts

TRUSTEE COMPANIES ACT 1964 - SECT 19E

19E Application of certain amendments to certain estates

(1) This section applies to any estate that is a charitable trust and that is committed to the administration or management of a trustee company (whether the estate was committed to the administration or management of the trustee company before or after the commencement of the relevant amendments).

(2) The maximum commission that a trustee company is entitled to receive out of an estate to which this section applies is the maximum commission applicable under section 18 as in force immediately before the date of commencement of the relevant amendments.

(3) The maximum fee that a trustee company is entitled to receive out of an estate to which this section applies is the maximum fee applicable under section 19B as in force immediately before the date of commencement of the relevant amendments.

(4) This section has effect despite section 19D (9), (10) and (11).

(5) In this section:
"charitable trust" means a trust established for charitable purposes and includes a trust established for charitable purposes and also for non-charitable purposes.
"relevant amendments" means the amendments made by Schedule 1 [1]-[5] to the Trustee Companies Amendment Act 1997 .