Acts and Regulations

P-26.5 - Public Trustee Act

Full text
Regulations
21The Lieutenant-Governor in Council may make regulations
(a) imposing duties on the Public Trustee in addition to those imposed by this Act;
(b) establishing, for the purposes of subsection 11(4), the method of allocating income earned by a common fund to the credit of the persons, estates or trusts for whom or for which the investment was made;
(c) prescribing fees chargeable by the Public Trustee for performing any act, duty or service under this or any other Act or a regulation under this or any other Act;
(d) prescribing fees chargeable by the Public Trustee for any service performed under this or any other Act or a regulation under this or any other Act by an employee in the office of the Public Trustee;
(e) prescribing the manner in which fees referred to in paragraph (c) or (d) shall be calculated, including by any one of the following methods or any combination of the following methods:
(i) as a percentage of
(A) the value of capital assets,
(B) income from an estate or trust,
(C) the average market value of assets, or
(D) the sale price of assets; or
(ii) based on a flat rate;
(f) prescribing the time or times at which fees referred to in paragraph (c) or (d) shall be paid;
(g) defining any word or expression used in but not defined in this Act for the purposes of this Act, the regulations or both;
(h) respecting any matter that the Lieutenant-Governor in Council considers necessary or advisable to carry out effectively the intent and purpose of this Act.
Regulations
21The Lieutenant-Governor in Council may make regulations
(a) imposing duties on the Public Trustee in addition to those imposed by this Act;
(b) establishing, for the purposes of subsection 11(4), the method of allocating income earned by a common fund to the credit of the persons, estates or trusts for whom or for which the investment was made;
(c) prescribing fees chargeable by the Public Trustee for performing any act, duty or service under this or any other Act or a regulation under this or any other Act;
(d) prescribing fees chargeable by the Public Trustee for any service performed under this or any other Act or a regulation under this or any other Act by an employee in the office of the Public Trustee;
(e) prescribing the manner in which fees referred to in paragraph (c) or (d) shall be calculated, including by any one of the following methods or any combination of the following methods:
(i) as a percentage of
(A) the value of capital assets,
(B) income from an estate or trust,
(C) the average market value of assets, or
(D) the sale price of assets; or
(ii) based on a flat rate;
(f) prescribing the time or times at which fees referred to in paragraph (c) or (d) shall be paid;
(g) defining any word or expression used in but not defined in this Act for the purposes of this Act, the regulations or both;
(h) respecting any matter that the Lieutenant-Governor in Council considers necessary or advisable to carry out effectively the intent and purpose of this Act.