Commonwealth Numbered Regulations

1996 No. 263 BANKRUPTCY REGULATIONS - REG 8.07

8.07. (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.