12. Frequency of calculation and income payable to estates

The Board must determine a schedule of regular periods in each year (each called a basis period) for the purpose of calculating and paying to the relevant estates the income earned during each basis period from the investment of the Common Fund.

The Public Trustee must, no later than the 45th day after the last day of each basis period determined under subsection (1), by notification in the Gazette, specify the income payable to the respective estates for each basis period, expressed as a rate of return on the investment of the Common Fund during that basis period.