Document ID: chunk:federal_register_of_legislation:C2004C01231:clause:1_6a
Version: federal_register_of_legislation:C2004C01231
Segment Type: clause
Provision Reference: sch 1 cl 6A
Character Range: 2400–3025

6A  Charge not payable on estate surplus

 (1) If:
 (a) the trustee receives an amount in respect of a bankrupt's estate; and
 (b) as a result of receiving the amount, the trustee becomes able to pay off all the bankrupt's debts;
then the following amounts are not taken into account in determining the amount on which charge is payable:
 (c) any excess of the received amount over the amount needed to pay off all the bankrupt's debts;
 (d) any amount later received by the trustee in respect of the estate.

 (2) In this section:

bankrupt's debts has the same meaning as in subsection 153A(6) of the Bankruptcy Act 1966.