New South Wales Repealed Regulations

This legislation has been repealed.

CONFISCATION OF PROCEEDS OF CRIME REGULATION 1996 - SCHEDULE 2

SCHEDULE 2 – Fees payable to Public Trustee

(Clause 13)

(1)

Fees of the following amounts are payable to the Public Trustee in respect of all property under the control of the Public Trustee:

(a) for each calendar year during which the Public Trustee has control of the property (whether or not the property is controlled for the whole of the year)--an amount equal to 0.22% of the value of the property (as fixed by the Public Trustee) or $220, whichever is the greater amount,

(b) an amount equal to the actual costs incurred and disbursements made in relation to the property by the Public Trustee while in control of the property, including the costs of legal representation, the costs of obtaining legal advice and any other legal costs, agents' fees, valuation fees and costs incurred in relation to the operation of any business associated with the property.

(2)

In addition to the fees set out in item (1), fees of the following amounts are payable to the Public Trustee in respect of property from which income is derived:

(a) an amount equal to 5.775% of the gross income (not including income referred to in paragraph (b)) derived from the property,

(b) if the income is received as rent and a cost has been incurred in respect of the income by the Public Trustee for agency charges--an amount equal to 2.75% of the income.

(3)

In addition to the fees set out in items (1) and (2), a fee is payable to the Public Trustee, in respect of property that the Public Trustee is directed by a court to sell or dispose of, of an amount equal to 2.75% of the gross amount realised by the sale or disposition of the property.