Bankruptcy Legislation Amendment Act 2010 (106 of 2010)

Schedule 1   Remuneration of trustees of estates of bankrupts

Bankruptcy Act 1966

12   Subsection 162(4)

Repeal the subsection, substitute:

(4) If the remuneration of the trustee is not fixed by the creditors or the committee of inspection, the trustee may, in the circumstances prescribed by the regulations, make an application, in accordance with the regulations, to the Inspector-General for the Inspector-General to decide the trustee's remuneration.

(4A) If an application is made to the Inspector-General under subsection (4), the Inspector-General must, by writing, decide the trustee's remuneration, having regard to the matters prescribed by the regulations.

(4B) The Inspector-General must give written notice of his or her decision under subsection (4A) to the trustee and to the bankrupt and creditors.