Bankruptcy Legislation Amendment Act 2010 (106 of 2010)

Schedule 1   Remuneration of trustees of estates of bankrupts

Bankruptcy Act 1966

9   Subsection 161B(1)

Repeal the subsection, substitute:

(1) If the total remuneration payable to the trustee under section 162 would be less than the following amount (the statutory minimum ):

(a) $5,000;

(b) if another amount is prescribed by the regulations for the purposes of this paragraph - that other amount;

the trustee is entitled to be paid, from the funds in the bankrupt's estate, additional remuneration equal to the shortfall.