Commonwealth Consolidated Regulations

BANKRUPTCY REGULATIONS 1996 - REG 8.08

                For the purposes of subsection 162 (4) of the Act, the remuneration of a trustee is to be:

                (a)    in accordance with the scale of charges that is:

                          (i)    set out in the IPAA Guide to Hourly Rates published by the Insolvency Practitioners Association of Australia; and

                         (ii)    applicable to the work to be remunerated; and

               (b)    at the level of 85 percent of those charges.