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Acts and Regulations

2008-56 - General

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NEW BRUNSWICK

REGULATION 2008-56

under the

Public Trustee Act

(O.C. 2008-202)

Filed May 21, 2008

Under section 21 of the Public Trustee Act, the Lieutenant-Governor in Council makes the following Regulation:

Citation

1This Regulation may be cited as the General Regulation - Public Trustee Act.

Definition of “Act”

2In this Regulation, “Act” means the Public Trustee Act.

Allocating the income earned by a common fund

3For the purposes of subsection 11(4) of the Act, the Public Trustee shall allocate the net income earned by a common fund referred to in section 11 of the Act on a prorated basis to the credit of persons, estates or trusts based on their proportionate ownership of the common fund.

Fees

4The Public Trustee may charge the following fees:

(a) subject to paragraphs (b) and (d) to (g), for performing any act, duty or service under the Act or any other Act or a regulation under the Act or any other Act..............$110 per hour

(b) for consenting to act as an executor under a will or as an attorney under a power of attorney..............$55 per request to act

(c) subject to paragraphs (e) to (g), for any service performed under the Act or any other Act or a regulation under the Act or any other Act by a person employed within the office of the Public Trustee

(i) as senior legal counsel..............$110 per hour

(ii) as legal counsel..............$85 per hour

(iii) as a senior trust and guardianship officer..............$55 per hour

(iv) as a trust officer..............$55 per hour

(v) as a guardianship officer..............$55 per hour