The Public Trustee (Fees) (Amendment) Order 1990

• Citation: S.I. 1990/702
• Sections: 4

Section 1

(1) This Order may be cited as the Public Trustee (Fees) (Amendment) Order 1990 and shall come into force on 16th April 1990.

(2) In this Order, an article referred to by number means the article so numbered in the Public Trustee (Fees) Order 1985 .

Section 2

In article 20(2), there shall be substituted, for the figure “6”, the figure “5”.

Section 3

For article 22, there shall be substituted the following—

Commission fee

(22)

(1) On any dealing in securities a fee shall be payable equal to the amount of any stockbroker’s commission refunded to the Public Trustee.

(2) Where a commission is received by the Public Trustee on any deposit of money, a fee shall be payable equal to the amount of the commission received.

Section 4

After article 25(1), there shall be inserted the following new paragraph—

(1A) Where the Public Trustee receives income from dividends or interest after deduction of tax, the income collection fee shall be payable in respect of the income so received.