Commonwealth Consolidated Acts

BANKRUPTCY (ESTATE CHARGES) ACT 1997 - SECT 5

             (1)  An amount of interest to which a person is entitled, in his or her personal capacity, under subsection 169(1B) or 185LD(3) of the Bankruptcy Act 1966 is payable to the Commonwealth as a charge.

          (1A)  No charge is payable by a person in respect of an account for a charge period if the amount of that charge would be less than $10, or a higher amount prescribed by the regulations.

             (2)  In subsection (1), the reference to subsection 169(1B) of the Bankruptcy Act 1966 includes a reference to that subsection as applied by the following provisions of that Act:

                     (a)  section 210 (which applies section 169 to a controlling trustee under Division 2 of Part X of that Act);

                     (b)  subsection 231(5) (which applies section 169 to a personal insolvency agreement);

                     (e)  subsection 248(1) (which applies section 169 to administration of estates under Part XI of that Act).

             (3)  The charge is payable by the person.

             (4)  The charge is payable within 35 days after the end of the charge period in which the interest was paid.