Insolvency Law Reform Act 2016 (11 of 2016)

Schedule 1   Amendments relating to the Insolvency Practice Schedule (Bankruptcy)

Part 3   Transition to the Insolvency Practice Schedule (Bankruptcy)

Division 3   Application of Part 3 of the Insolvency Practice Schedule (Bankruptcy) and related consequential amendments

Subdivision C   Remuneration and other benefits received by trustees

130   Duties of trustees relating to remuneration and other benefits

Application of the Insolvency Practice Schedule (Bankruptcy)

(1) Sections 60-20 and 60-21 of the Insolvency Practice Schedule (Bankruptcy) apply in relation to a trustee of a regulated debtor's estate under ongoing administration whether or not the trustee is appointed, or consents to act, before, on or after the commencement day.

(2) However, those sections do not apply in relation to arrangements made before the commencement day.

Old Act continues to apply to arrangements made before commencement day

(3) Despite the repeal of section 165 of the old Act by this Schedule, that section continues to apply in relation to arrangements made before the commencement day.