Amendments to the Public Trustee (Fees) Order 1999
7. In article 20—
(a)in paragraph (2) for the words from “The relative percentage” to the words “withdrawal or distribution” substitute—
“(2) The relative percentage shall be—
(a)2 times the effective rate of administration or management fee charged on that property on the assessment date immediately prior to withdrawal or distribution, where the Public Trustee ceases to act as trustee or manager of any scheme or fund under Part VII of this Order, or in any estate or trust, upon retirement; and
(b)4 times the effective rate of administration or management fee charged on that property on the assessment date immediately prior to withdrawal or distribution, in any other case”; and
(b)in paragraph (3) for “1 2/13 per cent” substitute “3.75 per cent where the Public Trustee ceases to act upon retirement and 1.875 per cent in any other case”.
(c)after paragraph (3) insert—
“(4) Where some or all of a fee has been remitted, the references in this article to administration or management fee charged shall mean such fee as would have been charged but for the remission.”.