Bankruptcy Regulations 1996

PART 6 - ADMINISTRATION OF PROPERTY  

Division 7 - Contributions by bankrupt  

REGULATION 6.14   CONTRIBUTIONS BY BANKRUPT - MODES OF PAYMENT  

6.14(1)    
A contributing bankrupt may pay a contribution in any of the following ways:

(a) in cash to the trustee at the trustee's office during business hours;

(b) by bank draft, cheque, money order or postal order payable to the trustee and delivered or posted to that office;

(c) by deposit of the amount of the contribution in, or transfer of that amount to, the trustee's bank account;

(d) any other method authorised in writing by the trustee.

6.14(2)    
In the case of payment by cheque, payment is taken to occur when the cheque is cleared and the amount of the payment is credited to the account into which the cheque is deposited.

6.14(3)    
The trustee may, on reasonable notice in writing to the bankrupt, vary or cancel an authorisation under paragraph (1)(d).

6.14(4)    
If the trustee incurs a delivery or postal charge (including a surcharge) or bank charge in connection with the receipt or processing of payment of a contribution, the trustee may reimburse himself or herself for the amount of the charge from the bankrupt's estate.