Corporations Act 2001
Note: See section 600K .
PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS Division 60 - Remuneration and other benefits received by external administrators Subdivision B - Remuneration of external administrators - general rules SECTION 60-5 EXTERNAL ADMINISTRATOR ' S REMUNERATIONRemuneration in accordance with remuneration determinations
60-5(1)
An external administrator of a company is entitled to receive remuneration for necessary work properly performed by the external administrator in relation to the external administration, in accordance with the remuneration determinations (if any) for the external administrator (see section 60-10 ).
Remuneration for external administrators if no remuneration determination made
60-5(2)
If no remuneration determination is made in relation to necessary work properly performed by the external administrator of a company in relation to the external administration, the administrator is entitled to receive reasonable remuneration for the work. However, that remuneration must not exceed the maximum default amount.
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