Bankruptcy Regulations 1996
SCHEDULE 3
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PARAGRAPH 109(1)(a) OF THE ACT
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ORDER OF PAYMENT OF FIRST PRIORITY DEBTS
Expenses reasonably incurred by or on behalf of the trustee:
(a) in protecting all or part of the bankrupt's assets; or
(b) in carrying on, in accordance with the Act, a business of the bankrupt; or
(c) by way of an advance made to the trustee of the bankrupt's estate for payment of properly incurred expenses of the estate for any proper purpose (other than remuneration of the trustee)
(regulation 6.01 )
SECTION 2 2Expenses reasonably incurred by or on behalf of the trustee:
(a) in protecting all or part of the bankrupt's assets; or
(b) in carrying on, in accordance with the Act, a business of the bankrupt; or
(c) by way of an advance made to the trustee of the bankrupt's estate for payment of properly incurred expenses of the estate for any proper purpose (other than remuneration of the trustee)
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