Bankruptcy Regulations (Amendment) 1997 (76 of 1997)

32.   Regulation 16.14 (Fees payable by trustee on payment of dividends, etc)

32.1 Subregulation 16.14 (1):

Omit the subregulation, substitute:

" (1) Subject to subregulation 16.15 (1), a trustee (other than the Official Trustee) who pays an interim or final dividend in respect of an estate or a debtor must pay to the Official Receiver the appropriate fee in accordance with this regulation.

" (1A) Subject to subregulation 16.15 (2), where the Official Trustee:

(a) acts as trustee of the estate of a bankrupt or a deceased person in respect of whose estate an order for administration has been made under Part XI of the Act; or

(b) acts as controlling trustee, or as trustee as the result of a deed of assignment or deed of arrangement under Part X of the Act;

a fee is payable to the Official Receiver by the Official Trustee, in accordance with this regulation, in respect of the estate:

(c) on the declaration of a dividend by the Official Trustee; or

(d) on the Official Trustee's ceasing to act as the trustee of the estate or debtor.".

32.2 Paragraph 16.14 (3) (a):

After "amount;", add "or".

32.3 Paragraph 16.14 (3) (e):

Omit "regulation 16.08.", substitute "this regulation.".

32.4 Subregulation 16.14 (4):

After "his", insert "or her".