BANKRUPTCY ACT 1966

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (BANKRUPTCY)  

Note: See section 4A .

PART 3 - GENERAL RULES RELATING TO ESTATE ADMINISTRATIONS  

Division 65 - Funds handling  

SECTION 65-50   65-50   RULES IN RELATION TO CONSEQUENCES FOR FAILURE TO COMPLY WITH THIS DIVISION  


The Insolvency Practice Rules may provide for and in relation to:


(a) the payment by the trustee of a regulated debtor ' s estate of interest at such rate, on such amount and in respect of such period as is prescribed; and


(b) disallowance of all or of such part as is prescribed of the remuneration of the trustee of a regulated debtor ' s estate; and


(c) the removal from office of the trustee of a regulated debtor ' s estate by the Court; and


(d) the payment by the trustee of a regulated debtor ' s estate of any expenses occasioned by reason of his or her default;

in cases where the trustee of a regulated debtor ' s estate contravenes or fails to comply with this Division (including Insolvency Practice Rules made under this Division).




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