Document ID: chunk:federal_register_of_legislation:C2025C00185:schedule:2:p32
Version: federal_register_of_legislation:C2025C00185
Segment Type: schedule
Provision Reference: sch 2 (pt 32/73)
Character Range: 6392666–6395594

to the nearest whole dollar (rounding 50 cents upwards).

Indexation factor
 (3) Subject to subsection (4), the indexation factor for a financial year is the number worked out by dividing the index number for the March quarter immediately preceding that financial year by the index number for the March quarter immediately preceding that first‑mentioned March quarter.
 (4) If an indexation factor worked out under subsection (3) would be less than 1, the indexation factor is to be increased to 1.

Changes to CPI index reference period and publication of substituted index numbers
 (5) In working out the indexation factor:
 (a) use only the index numbers published in terms of the most recently published index reference period for the Consumer Price Index; and
 (b) disregard index numbers published in substitution for previously published index numbers (except where the substituted numbers are published to take account of changes in the index reference period).

Definition—index number
 (6) In this section:
index number, in relation to a quarter, means the All Groups Consumer Price Index number, being the weighted average of the 8 capital cities, published by the Australian Statistician in respect of that quarter.

Subdivision C—Remuneration of provisional liquidators

60‑16  Remuneration of provisional liquidators
 (1) A provisional liquidator is entitled to receive such remuneration, by way of percentage or otherwise, as is:
 (a) determined by the Court; or
 (b) if:
 (i) no determination by the Court is in force; and
 (ii) there is a committee of inspection;
  determined by agreement between the liquidator and the committee of inspection; or
 (c) if:
 (i) no determination by the Court is in force; and
 (ii) there is no committee of inspection or the liquidator and the committee of inspection fail to agree;
  determined by resolution of the creditors.
 (2) Sections 60‑11 and 60‑12 (Court review) apply in relation to a determination mentioned in this section in the same way as they apply to a remuneration determination made under section 60‑10.

Subdivision D—Remuneration of liquidators in winding up by ASIC

60‑17  Remuneration of liquidators in winding up by ASIC
  If ASIC orders under section 489EA that a company be wound up, ASIC may determine the remuneration that the liquidator is entitled to receive.

Subdivision DA—Remuneration of restructuring practitioners

60‑18  Insolvency Practice Rules
 (1) The Insolvency Practice Rules may provide for and in relation to the remuneration of:
 (a) a restructuring practitioner for a company; and
 (b) a restructuring practitioner for a restructuring plan.
 (2) Without limiting subsection (1), the Insolvency Practice Rules may provide for the remuneration of a restructuring practitioner for a restructuring plan that has been made in relation to a company to be dealt with wholly or partly under the restructuring plan.

Subdivision E—Duties