S 164 repealed by No 11 of 2016, s 3 and Sch 1 item 53, applicable in relation to the administration of regulated debtors
estates on and after 1 September 2017. S 164 formerly read:
SECTION 164 TWO OR MORE TRUSTEES ACTING IN SUCCESSION
If one person acts as a trustee of the estate of a bankrupt after another person has acted as the trustee, their remuneration and expenses are to be divided between them, if necessary, on a basis:
that they agree on; and
that is endorsed by a resolution passed at a meeting of the creditors.
S 164(1) amended by No 12 of 1980, s 84; substituted by No 44 of 1996, Sch 1, Pt 1(302).
When a person (the
) ceases to be the trustee of the estate of a bankrupt because another person (the
) has become trustee, the earlier trustee must:
prepare an account of his or her receipts and payments (including remuneration and expenses) for the period that he or she was trustee; and
keep a copy of the account; and
give each creditor a copy of the account; and
give the later trustee a copy of the account and any other accounts the earlier trustee has received from a person who was the trustee before the earlier trustee.