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<h1>Trustee May Authorize Fund Manager to Handle Securities Transaction Tax Under Section 100(2), (3) and (4)</h1> In relation to a mutual fund, the obligation to collect and pay securities transaction tax under section 100(2), (3) and (4) of the Act is placed primarily on the trustee of the fund. However, the trustee may authorize another person who manages the affairs of the mutual fund to discharge this responsibility. Once duly authorized, such manager becomes the person responsible in law for ensuring proper collection and remittance of the securities transaction tax attributable to mutual fund transactions.