Examples of financial administration fees for customers

Emma's example

Emma's situation

Emma was referred to QPT by QCAT under the Guardianship and Administration Act.

• Emma lives in Public Housing.
• She has a disability pension that is paid to Queensland Public Trustee.
• Emma has $6,000 in a cash account.
• She pays for her daily living expenses, and we manage the payment of her bills and board.
• Emma speaks with us more than once a fortnight.

Our fees for Emma

To ensure Emma's fees are reasonable according to her financial circumstances, Emma is eligible for a rebate.

We cap the fees for personal financial administration and asset management at 5% of her assessable assets.

From 1 November 2022, we have placed a hold on Incidental outlays being charged to Financial Management customers.

Personal financial administration and asset management fees

As QPT was appointed her financial administrator by a QCAT order, the following fees are GST-exempt:

• Her personal financial administration fee is $8,439.18
• Her asset management fee is $181.91
• These fees before rebate are $8,621.09
• We cap Emma's fees to 5% of her assessable assets of $6,000, which is $300
• This means Emma receives a rebate of $8,321.09

Incidental outlays

• We have placed a hold on incidental outlays being charged, so the fee is $0

Peter's example

Peter's situation

Peter was referred to QPT by QCAT under the Guardianship and Administration Act.

• Peter lives in a property that he owns.
• He is paid a pension each fortnight that Queensland Public Trustee manages.
• He has $6,209 worth of assessable assets and his property is worth $420,000
• We manage his living expenses, utility bills and insurance.
• Peter only needs to contact us once a month.

Our fees for Peter

To ensure Peter's fees are reasonable according to his financial circumstances, Peter is eligible for a rebate.

We cap the fees for personal financial administration and asset management at 5% of his assessable assets.

From 1 November 2022, we have placed a hold on Incidental outlays being charged to Financial Management customers.

His principal place of residence is also excluded from his assets before calculating the asset management fee.

Personal financial administration and asset management fees

As QPT was appointed as his financial administrator by a QCAT order, the following fees are GST-exempt:

• His personal financial administration fee is $6,027.14
• His asset management fee is $181.91
• These fees before rebate are $6,209.05
• We cap Peter's fees to 5% of his assessable assets of $6,209 which is $310.45
• This means Peter receives a rebate of $5,898.60

Incidental outlays

• We have placed a hold on incidental outlays being charged, so the fee is $0

Real estate property fee

• The real estate property fee is $905.95
• We rebate the fee as it's his principal place of residence, so the fee is $0
• This means Peter receives a rebate of $905.95

Mary's example

Mary's situation

Mary made an enduring power of attorney and appointed QPT to act as her financial attorney. QPT commenced duties as her financial attorney when she lost capacity to manage her own finances.

• Mary lives in a property that she owns.
• She is paid a pension each fortnight that QPT manages.
• In addition to her home, she has $532,000 worth of assessable assets.
• She pays for her daily living expenses, and we manage her assets and payment of her bills.
• Mary speaks with us once a fortnight.

Our fees for Mary

Mary’s principal place of residence is excluded from her assets before calculating the asset management fee.

Due to her assessable assets, Mary is not eligible for further fee rebates.

Personal financial administration and asset management fees

As Mary appointed us as financial attorney under an enduring power of attorney, her fees include GST:

• Her personal financial administration fee is $6,629.85 (including $602.71 GST)
• Her asset management fee is $4,019.45 (including $365.40 GST)

Incidental outlays

• We have placed a hold on incidental outlays being charged, so the fee is $0

Real estate property fee

• The real estate property fee is $996.55 (including $90.60 GST)
• We rebate the fee as it's her principal place of residence, so the fee is $0
• This means Mary receives a rebate of $996.55

John's example

John's situation

John was referred to QPT by QCAT under the Guardianship and Administration Act.

• John lives in a property that he owns.
• He is paid a pension each fortnight that QPT manages.
• In addition to his home, he has $625,000 of assessable assets.
• We manage his living expenses, utility bills and insurance.
• John only needs to contact us once a month.

Our fees for John

John’s principal place of residence is excluded from his assets before calculating the asset management fee.

Due to his assessable assets, John is not eligible for further fee rebates.

From 1 November 2022, we have placed a hold on incidental outlays being charged to financial administration customers.

Personal financial administration and asset management fees

As QPT was appointed his financial administrator by a QCAT order, the following fees are GST-exempt:

• His personal financial administration fee is $6,027.14
• His asset management fee is $3,654.05
• These fees combined are $9,681.19.
• John is not eligible for a rebate as 5% of his assessable assets is greater than the combined annual fee.
• This means John receives no fee rebate.

Incidental outlays

• We have placed a hold on incidental outlays being charged, so the fee is $0

Real estate property fee

• The real estate property fee is $905.95
• We rebate the fee as it's his principal place of residence, so the fee is $0
• This means John receives a rebate of $905.95

More information

• Find out about our financial administrator fees for customers
• Learn how we calculate our financial administration fees
• How GST applies to financial administration fees