Commonwealth Consolidated Regulations

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BANKRUPTCY REGULATIONS 1996 - REG 8.07

Fixed remuneration -- prescribed rates under subsections 162 (2) and (3) of the Act

         (1)   For the purposes of subsection 162 (2) of the Act, the rate is:

                (a)    if the moneys received by the trustee do not exceed $30,000 -- 10 percent; or

               (b)    if the moneys received by the trustee exceed $30,000 but do not exceed $50,000 -- 10 percent in respect of the first $30,000 and 7.5 percent in respect of the balance of those moneys; or

                (c)    if the moneys received by the trustee exceed $50,000 -- 10 percent in respect of the first $30,000, 7.5 percent in respect of the next $20,000 and 5 percent in respect of the balance of those moneys.

         (2)   For the purposes of subsection 162 (3) of the Act, the prescribed rate is 2.5 percent.



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