Bankruptcy Regulations (Amendment) 1997 (76 of 1997)

33. Regulation 16.15 (Fees payable by Official Trustee)

33. 1 Regulation 16.15:

Omit the regulation, substitute:

" 16.15.(1) A fee is only payable under subregulation 16.14 (1) in respect of an estate or debtor where:

(a) a prescribed amount was received by the trustee on or before 31 October 1996; and

(b) after that date, a dividend was paid, on behalf of the estate or debtor, from that prescribed amount.

" (2) A fee is only payable under subregulation 16.14 (1A) in respect of an estate or debtor where:

(a) a prescribed amount was received by the Official Trustee on or before 31 October 1996; and

(b) after that date:

(i) a dividend was paid, on behalf of the estate or debtor, from that prescribed amount; or

(ii) the Official Trustee ceases to act as trustee of the estate or debtor.".