Bankruptcy Amendment Regulations 2003 (No. 1) (76 of 2003)

Schedule 1   Amendments

[7]   After regulation 8.11A

insert

8.12 Remuneration of trustees - notices

For subsection 162 (6A) of the Act, a trustee must give the following notices to the bankrupt and creditors:

(a) a notice that includes the basis and the method on which the trustee seeks to be remunerated, and, if appropriate, an estimate of the expected level of the trustee's remuneration;

(b) if the trustee claims remuneration calculated by reference to an hourly rate - a notice that includes:

(i) the type of work undertaken by the trustee and the trustee's staff; and

(ii) the number of hours charged by each person; and

(iii) the hourly rate charged for each person; and

(iv) the total remuneration claimed;

(c) a notice advising the bankrupt and creditors of their right, within 28 days of receiving notice of a trustee's claim for remuneration, to request the claim be taxed.