Source: https://www.legislation.gov.au/Details/C2006B00003
Timestamp: 2019-08-25 13:09:56
Document Index: 558734033

Matched Legal Cases: ['art 1', 'art 2', 'art 1', 'art 2', 'art 1', 'art 2', 'art 2']

Details: C2006B00003
- C2006B00003
Registered 20 Feb 2006
C2006B00003
155K Payment of fees etc. for application, registration and extension
316 Legislative instruments determining fees
7 Amount of charge payable
Part XV—Provisions relating to the Bankruptcy (Estate Charges) Act 1997
Schedule 1—Fees and remuneration 5
Part 1—Amendments commencing on 1 July 2006 5
Part 2—Amendments with contingent commencement 6
Bankruptcy Act 1966 6
Schedule 2—Estate charges 6
Bankruptcy (Estate Charges) Act 1997 6
Schedule 3—Repeal of the Bankruptcy (Registration Charges) Act 1997 6
Part 1—Repeal 6
Bankruptcy (Registration Charges) Act 1997 6
Part 2—Consequential provisions 6
Schedule 4—Minor and technical amendments 6
This Act may be cited as the Bankruptcy Legislation Amendment (Fees and Charges) Act 2006.
(b) immediately after the commencement of Schedule 1 to the Bankruptcy Legislation Amendment (Anti-avoidance) Act 2006.
4. Schedules 2 and 3
Schedule 1—Fees and remuneration
Part 1—Amendments commencing on 1 July 2006
1 Subsections 54(4), 55(9), 56G(2) and 57(11)
Omit “prescribed by the regulations”, substitute “determined by the Minister by legislative instrument”.
2 Paragraph 154A(3)(b)
3 Application of amendment of paragraph 154A(3)(b)
The amendment of paragraph 154A(3)(b) of the Bankruptcy Act 1966 made by this Part applies to applications made on or after 1 July 2006 under section 154A of the Bankruptcy Act 1966.
4 Paragraph 155C(1)(b)
Omit “charge imposed by section 5 of the Bankruptcy (Registration Charges) Act 1997”, substitute “fee determined by the Minister by legislative instrument”.
5 Application of amendment of paragraph 155C(1)(b)
The amendment of paragraph 155C(1)(b) of the Bankruptcy Act 1966 made by this Part applies to registrations resulting from applications made on or after 1 July 2006 under section 154A of the Bankruptcy Act 1966.
6 Paragraph 155D(1)(b)
Omit “charge imposed by section 6 of the Bankruptcy (Registration Charges) Act 1997”, substitute “fee determined by the Minister by legislative instrument”.
7 Subsection 155D(3)
Omit “charge on”, substitute “fee for”.
8 Subsection 155D(3)
Omit “the charge” (wherever occurring), substitute “the fee”.
9 Application of amendments of section 155D
The amendments of section 155D of the Bankruptcy Act 1966 made by this Part apply to extensions under that section resulting from applications made on or after 1 July 2006 as described in that section.
10 After section 155J
If a person gives the Commonwealth a cheque or payment order in payment of a fee under section 154A, 155C or 155D, the amount is taken not to be paid until the cheque or payment order is paid by the institution on which it is drawn.
11 Subsection 163(1)
12 Subsection 163(2) (note)
Omit “prescribed”.
13 Application of amendments of section 163
The amendments of section 163 of the Bankruptcy Act 1966 made by this Part apply to remuneration of the Official Trustee for work arising from any of the following events happening on or after 1 July 2006:
(a) the making of a direction under section 50 of that Act;
(b) a person becoming bankrupt;
(c) lodgment of a proposal for a composition or scheme of arrangement under section 73 of that Act;
(d) the giving of a proposal for a debt agreement under section 185C of that Act;
(e) signature of an authority under section 188 of that Act;
(f) the making of an order for the Official Trustee to act as the trustee of an estate.
14 Subsection 163A(2)
Omit “the to the Official Receiver the fee prescribed by the regulations”, substitute “to the Official Receiver the fee determined by the Minister by legislative instrument”.
15 Application of amendment of section 163A
The amendment of section 163A of the Bankruptcy Act 1966 made by this Part applies to the fee for the exercise of a power at the request of a trustee made on or after 1 July 2006.
16 Subsections 188B(3), 226(3) and (4) and 246(5)
17 Paragraph 315(2)(j)
After “fees”, insert “, but not the setting of amounts of fees other than fees mentioned in paragraph 81(17)(b),”.
18 Saving regulations providing for charging and payment of fees
(1) This item explains the effect of the amendment of paragraph 315(2)(j) of the Bankruptcy Act 1966 made by this Part on regulations that:
(a) were in force just before 1 July 2006; and
(b) provided for the charging or payment of fees in relation to things described in that paragraph.
(2) The amendment affects the regulations only so far as they provided for the setting of amounts of fees other than fees mentioned in paragraph 81(17)(b).
Note: The amendment causes the regulations to cease setting the amounts of fees (other than fees mentioned in paragraph 81(17)(b)) on 1 July 2006.
(3) To avoid doubt, the amendment does not affect the regulations so far as they provide for other aspects of the charging and payment of fees.
19 At the end of Part XVI
(1) The Minister may make legislative instruments determining the amounts of one or more of the following:
(a) fees for the purposes of one or more of subsections 54(4), 55(9), 56G(2) and 57(11), paragraphs 154A(3)(b), 155C(1)(b) and 155D(1)(b) and subsections 163A(2), 188B(3), 226(3) and (4) and 246(5) (as they apply of their own force or as they apply because of another provision);
(2) Fees determined must not be such as to amount to taxation.
Part 2—Amendments with contingent commencement
20 Subparagraph 77C(3)(b)(iii)
21 Paragraph 316(1)(a)
After “57(11),”, insert “subparagraph 77C(3)(b)(iii),”.
Schedule 2—Estate charges
1 Subsection 4(1) (definition of charge period)
Omit “period of 6 months commencing on 1 January or 1 July”, substitute “financial year”.
(1) The amount of charge payable for a charge period is the percentage, determined by the Minister by legislative instrument, of the amount on which charge is payable for the period.
(2) The Minister may make a legislative instrument determining the percentage.
(3) The percentage determined must not be more than 15%.
The amendments of the Bankruptcy (Estate Charges) Act 1997 made by this Schedule apply in relation to the financial year starting on 1 July 2006 and later financial years.
Schedule 3—Repeal of the Bankruptcy (Registration Charges) Act 1997
(1) The repeal of section 4 of the Bankruptcy (Registration Charges) Act 1997 by this Part applies to applications made on or after 1 July 2006 under section 154A of the Bankruptcy Act 1966.
(2) The repeal of section 5 of the Bankruptcy (Registration Charges) Act 1997 by this Part applies to registrations resulting from applications made on or after 1 July 2006 under section 154A of the Bankruptcy Act 1966.
(3) The repeal of section 6 of the Bankruptcy (Registration Charges) Act 1997 by this Part applies to extensions under section 155D of the Bankruptcy Act 1966 resulting from applications made on or after 1 July 2006 as described in section 155D of the Bankruptcy Act 1966.
Part 2—Consequential provisions
3 Subsection 155E(3)
(3) The application must be accompanied by any information or documents prescribed by the regulations.
(1) Regulations that were in force for the purposes of paragraph 155E(3)(a) of the Bankruptcy Act 1966 just before the commencement of the amendment of section 155E of that Act made by this Part have effect as if they had been made for the purposes of subsection 155E(3) of that Act as amended by this Part.
(2) This item does not prevent the amendment or repeal of those regulations by regulations under the Bankruptcy Act 1966.
5 Part XV (heading)
6 Section 278 (definition of registration charge)
7 Section 278 (definition of Registration Charges Act)
8 Subsections 279(1) and (2)
Omit “and the Registration Charges Act”.
9 Subsection 285(1)
Omit “, registration charge”.
Schedule 4—Minor and technical amendments
1 Subsection 5(1) (definition of approved form)
Omit “a”, substitute “an electronic or other”.
2 Paragraph 6A(2)(a)
3 Paragraph 6A(2)(c)
Omit “, signed by the debtor or bankrupt,”.
4 Subsections 6B(1) and (2)
(2) A reference in paragraph 246(1)(a) or subsection 247(1) to a statement of a deceased person’s affairs and of administration of the deceased person’s estate is a reference to a statement, in an approved form, of those affairs and of that administration.
5 Subsection 58(1) (note)
6 At the end of subsection 58(1)
Note 2: Even if property has vested under this section, it may, under the Proceeds of Crime Act 2002:
7 Subsection 77C(1)
(1) The Official Receiver may, by written notice given to a person, require the person to do one or both of the following:
(ii) produce all books in the person’s possession relating to any matters connected with the performance of the functions of the Official Receiver or a trustee under this Act.
The repeal and substitution of subsection 77C(1) of the Bankruptcy Act 1966 by this Schedule does not affect:
(b) an authorisation of an officer to exercise powers under paragraph 77C(1)(b) of that Act that was given before the repeal.
9 Paragraph 139ZG(2)(a)
Omit “Official Receiver”, substitute “trustee”.
10 Subsection 140(8)
Omit “send to each creditor who has proved his or her debt a cheque for the amount due to him or her and”, substitute “pay each creditor who has proved his or her debt the amount due to the creditor and send the creditor”.
11 Paragraph 188(2)(aa)
Omit “authority; and”, substitute “authority.”.
12 Paragraph 188(2)(b)
13 Subsection 267B(1)
Omit “paragraph 77C(1)(a)”, substitute “subsection 77C(1)”.