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BANKRUPTCY ACT 1966 - SECT 163 Remuneration of the Official Trustee

BANKRUPTCY ACT 1966 - SECT 163

Remuneration of the Official Trustee

  (1)   The Official Trustee is to be remunerated as determined by the Minister by legislative instrument.

  (2)   An amount equal to each amount of remuneration received by the Official Trustee shall be paid to the Commonwealth.

Note:   The remuneration may be in respect of work the Official Trustee does as trustee of the estate of a bankrupt or in respect of work done in any other situation under this Act (such as where the Official Trustee acts as a trustee as a result of a personal insolvency agreement).