Bankruptcy Legislation Amendment Act 2002 (131 of 2002)

Schedule 1   Amendments

Part 1   Amendments

Bankruptcy Act 1966

57   After section 73

Insert:

73A Trustee may require surety for cost of meeting

(1) Before calling a meeting under section 73, the trustee may require the bankrupt to lodge with the trustee an amount that is sufficient to cover:

(a) the estimated costs that will be incurred by the trustee in arranging and holding the meeting; and

(b) the estimated fee that will (if approved by the creditors) be payable to the trustee in respect of the meeting.

(2) If the amount lodged by the bankrupt is more than the actual costs and fee, then the trustee must refund the excess to the bankrupt.