Attorney General of INJUSTICE – How can this be?

NSW Trustee & Guardian
Attorney General & Justice

FACTS ON FEES

Client with her/his own home, cash and other assets

A new client owns her/his own home valued at $600,000; has $850,000 in cash; and owns an investment property valued at $280,000. These assets remain the same throughout the first year. The total assets upon which a fee would be payable is $850,000 + $280,000 = $1,130,000 (the value of the client’s home is not included).

The fee payable by this client in the first year of management would be:

Establishment fee – $1,130,000 x 1.0% – capped at $3,300

Management fee – $1,130,000 x 1.1% – $12,430.00

Investment fee – $850,000 x 0.5% = $4,250

This gives a total of $19,980 or about $1,665 per month.

For every year after the first year, if the client’s assets remained the same, the fee payable by the client would be:

Management fee – $1,130,000 x 1.1% = $12,430 (capped at $15,000)

Investment fee – $850,000 x 0.5% = $4,250

This gives a total of $16,680 or about $1,390 per month.

SOURCE: http://www.tag.nsw.gov.au/verve/_resources/FM_Fact_Sheet_3__Facts_and_Fees_.2012indd.pdf

MY COMMENT: The NSWTG are definitely in this game for the cash. This mob launders money immorally, from mentally & physically challenged people of Australia…One way or another, they will send you broke and kill you!

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