Regulation 10

Subject to paragraphs (2), (3) and (4), these Rules shall apply to all trusts accepted by the Public Trustee on or after 1st May 2010.

Rule 6(3) shall apply to any additional property that, on or after 1st May 2010, becomes subject to a trust administered by the Public Trustee, regardless of whether the trust was accepted by the Public Trustee for administration before, on, or after that date, provided that where the trust was accepted by the Public Trustee for administration before that date, the further fee shall be computed as if any fee previously paid had been paid under rule 6.

Rule 7(1) shall apply to any income received on or after 1st May 2010, regardless of when the investments were made out of the trust property.

Rule 7(2) shall apply to any additional income received on or after 1st May 2010, provided that where any income had been received by the trust before that date, the further fee on additional income shall be computed as if any fee previously paid had been paid under rule 7.