Re Managed Estates Remuneration Report [2019] NSWSC 1597

Re Managed Estates Remuneration Report [2019] NSWSC 1597

The Court accepted the redacted report of the NSW Trustee and Guardian on managed estates remuneration, published it for public information, and confirmed the ongoing framework for authorising private manager remuneration, maintaining court and tribunal oversight.

Jurisdiction
Australia
Judgment Date
06 November 2019
Procedural Posture
Equity Protective List / Publication of Sixth Annual Remuneration Report
Outcome
Report of the NSW Trustee and Guardian on the operation of Managed Estates Remuneration Orders published in redacted form, as directed by the Court.
Legal Topics
['managed Estates' 'remuneration of Managers' 'nsw Trustee and Guardian Act' 'private Managers' 'regulatory Oversight']
['equity' 'protective Jurisdiction'] ['managed Estates' 'remuneration of Managers' 'nsw Trustee and Guardian Act' 'private Managers' 'regulatory Oversight']

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Procedural Posture

Equity Protective List / Publication of Sixth Annual Remuneration Report

Legal Issues

  1. 1 ['Whether private managers of managed estates are entitled to remuneration and under what circumstances' 'Whether the Court should publish the redacted annual report of the NSW Trustee and Guardian']

Ratio Decidendi

The Court accepted the redacted report of the NSW Trustee and Guardian on managed estates remuneration, published it for public information, and confirmed the ongoing framework for authorising private manager remuneration, maintaining court and tribunal oversight.

Court Disposition

Report of the NSW Trustee and Guardian on the operation of Managed Estates Remuneration Orders published in redacted form, as directed by the Court.

Orders

  • ['The redacted Report of the NSW Trustee and Guardian dated 31 October 2019 is published.' 'Orders made on 2 April 2014 continue to apply providing a framework for the remuneration of private managers, subject to statutory review.']