41S. Trustees’ expenses

(1)

A trustee —

(a)

is entitled to be reimbursed from the trust funds; or

(b)

may pay out of the trust funds,reasonable expenses properly incurred by the trustee when acting on behalf of the trust.

(2)

This section applies to a trustee who has been authorised under a power conferred by Part 4A or any other written law, or by the trust instrument —

(a)

to exercise functions as an agent of the trustees; or

(b)

to act as a nominee or custodian,as it applies to any other trustee.

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