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Trustee Bill

e j Changes in administration J charges by trustee comn: panies are proposed in the 5 [Trustee Companies Amendeiment Bill, which has been [introduced in Parliament, j[and referred to the Statutes) 11 Revision Committee. -i It enables trustee companies to charge on a comnj mission basis (up to 5 per ’cent of the total income and Rvalue of assets of an estate ’[or trust) or on the basis of " work done, rather than on a commission basis only. The g.power of trustee companies t,[to administer estates withf out grants of administration) ),iis extended to estates of up[ c to $15,000. I

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19791001.2.129.3

Bibliographic details

Press, 1 October 1979, Page 28

Word Count
103

Trustee Bill Press, 1 October 1979, Page 28

Trustee Bill Press, 1 October 1979, Page 28