Trustee Ordinance

(1)
This section applies, if, under a power conferred by
Part 4A
(appointment of agents, nominees and custodians), the instrument creating the trust or an enactment, a person other than a trustee has
been—
(a)
authorized to exercise functions as a trustee’s agent; or
(b) appointed to act as a nominee or custodian.
(2)
The trustees of the trust may remunerate the agent, nominee or custodian (each is a
representative
) out of trust funds for services
if—
(a)
the representative is engaged on terms entitling the representative to be remunerated for those services; and
(b)
the amount does not exceed the remuneration that is reasonable in the circumstances for the provision of those services by the representative to, or on behalf of, the trust.
(3)
The trustees may reimburse the representative out of trust funds for any expenses properly incurred in exercising the representative’s functions.