(1) A trustee may, in the trustee’s absolute discretion, from time to time,
cause the accounts of the trust property to be examined or audited by a
public accountant, and shall for that purpose produce such vouchers and give
such information to that person as the trustee 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 1 way and partly in the other, as the trustee may
in the trustee’s absolute discretion think fit, but, in default of any
direction by the trustee to the contrary in any special case, costs
attributable to capital shall be borne by capital and those attributable to
income by income.
(3) Where the trustee or 1 of the trustees is the
public trustee or a trustee corporation, nothing in this section authorises,
except in the case of a business forming part of the trust property, 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 the costs or fee being so paid
out or borne.
