Commonwealth Numbered Regulations

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1986 No. 95 BANKRUPTCY RULES (AMENDMENT) - RULE 6

Prescribed order for the purposes of paragraph 109 (1) (a) of the Act
6. Rule 40 of the Bankruptcy Rules is amended by omitting paragraphs (c), (d),
(e), (f) and (g) and substituting the following paragraphs:

"(b) second, in payment of the fees, percentages and charges payable under
sub-rules 179 (2) and 181 (1) and (2) and any other fees, costs, charges and
expenses payable by the trustee in the course of the administration of the
bankruptcy;

   (c)  third, in payment to a creditor who has deposited an amount in
        accordance with an order made under section 50 of the Act or upon
        application made under rule 18 of an amount equal to so much of the
        amount so deposited as has been used for meeting the expenses referred
        to in that rule;

   (d)  fourth, in payment of the taxed costs of the petitioning creditor or
        the taxed costs of the applicant for a sequestration order under Part
        X of the Act;

   (e)  fifth, in payment of the remuneration of the trustee;

   (f)  sixth, in payment of the reasonable out-of-pocket expenses incurred by
        a member of the committee of inspection, as allowed by the Court;

   (g)  seventh, in payment of the costs of any audit carried out under
        section 175 of the Act, not being an audit carried out by the
        Auditor-General.". 


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