Commonwealth Numbered Regulations

1992 No. 194 BANKRUPTCY RULES (AMENDMENT) - RULE 34

  34.1   Subrule 182 (4):
Omit the subrule, substitute:

"(4) For the purposes of subrule (2), the prescribed amount in respect of an
estate or a debtor is determined using the formula:
amount realised - (surplus + securities + business costs) where:
'amount realised' means the total amount realised or brought to credit by the
Official Trustee in the estate or in relation to the debtor, as the case may
be;
'surplus' means the amount to which the bankrupt is entitled under section 154
of the Act;
'securities' means the amount paid to secured creditors in respect of their
securities;
'business costs' means the amount paid by the Official Trustee in carrying on
the business of the bankrupt, deceased person or debtor.".