In connection with the investigation and audit of accounts of trust estates (other than estates administered by any trustee corporation) the following provisions shall apply:
(c) when the selection has been made, either by agreement between the applicant and Public Trust and the trustees of the trust estate, or (if they cannot agree) by Public Trust alone, Public Trust shall in writing in form 2 of the Schedule, appoint the solicitor or the member of the New Zealand Institute of Chartered Accountants so selected, and by notice in form 3 of the said schedule inform the applicant and the trustees of the trust estate thereof:
(d) the remuneration of the auditor and Public Trust, and the other expenses of the investigation and audit, shall be such as are fixed by Public Trust with the concurrence of the trustees of the trust estate or (if they do not concur) by a Judge of the High Court:
provided that the minimum amount of remuneration payable to Public Trust shall be £5 5s:
Regulation 2(a): amended, on 1 March 2002, by section 170(4) of the Public Trust Act 2001 (2001 No 100).
Regulation 2(b): amended, on 7 July 2010, pursuant to section 18 of the New Zealand Institute of Chartered Accountants Act 1996 (1996 No 39).
Regulation 2(b): amended, on 1 March 2002, by section 170(4) of the Public Trust Act 2001 (2001 No 100).
Regulation 2(c): amended, on 7 July 2010, pursuant to section 18 of the New Zealand Institute of Chartered Accountants Act 1996 (1996 No 39).
Regulation 2(c): amended, on 1 March 2002, by section 170(4) of the Public Trust Act 2001 (2001 No 100).
Regulation 2(d): amended, on 1 January 2004, by section 48(3) of the Supreme Court Act 2003 (2003 No 53).
Regulation 2(d): amended, on 1 March 2002, by section 170(4) of the Public Trust Act 2001 (2001 No 100).
Regulation 2(d) proviso: amended, on 1 March 2002, by section 170(4) of the Public Trust Act 2001 (2001 No 100).