Document ID: chunk:federal_register_of_legislation:C2004A03409:body:0:p7
Version: federal_register_of_legislation:C2004A03409
Segment Type: other
Provision Reference: 
Character Range: 15018–17818

Sub-section 20d (5)—
Omit "Investment Board", substitute "Official Trustee".
Sub-section 20e (1)—
     (a) Omit "Investment Board" (first occurring), substitute "Official Trustee".
     (b) Omit "Investment Board may, by instrument in writing, authorize the Official Trustee", substitute "Official Trustee may apply to the Minister for Finance".
Sub-section 20e (2)—
Omit "is authorized", substitute "has applied".
Section 20f—
     (a) Insert in sub-sections (1), (2), (3), (4), (5), (6) and (7) "or fund" after "estate".
     (b) Omit sub-section (8), substitute the following sub-section:
        "(8) In this section—
        'estate' means the estate of a bankrupt or of a deceased debtor;
        'fund' means a fund of moneys referred to in paragraph 20j (1) (b).".
Paragraph 20h (3) (b)—
Omit the paragraph, substitute the following paragraph:
"(b) each amount of interest that—
        (i) forms part of the estate of a bankrupt or of a deceased debtor by virtue of sub-section 20j (2) or (3);
        (ii) forms part of a fund referred to in paragraph 20j (1) (b) by virtue of sub-section 20j (2) or (3a); or
        (iii) is payable to a person by virtue of sub-section 20j (4),".
Sub-section 20h (4)—
Omit "Investment Board" and "Board", substitute in each case "Official Trustee".
Sub-section 20j (1)—
Omit the sub-section, substitute the following sub-section:
"(1) Where the Official Trustee is—
     (a) the trustee of the estate of a bankrupt or of a deceased debtor; or
     (b) the trustee of a fund of moneys held or received by the Official Trustee in respect of a particular debtor or bankrupt by reason of being—
        (i) the trustee of a composition, or of a scheme of arrangement, accepted under Division 6 of Part IV;
        (ii) the trustee of a deed of assignment or deed of arrangement executed, or a composition accepted, under Part X; or
        (iii) the trustee of—
          (a) a composition or scheme of arrangement accepted and approved under Division 5 of Part IV of the repealed Act;
          (b) a composition or scheme of arrangement accepted, or a deed of assignment executed, under Part XI of the repealed Act; or
          (c) a deed of arrangement executed under Part XII of the repealed Act,
the estate or the fund is not entitled, except as provided by sub-sections (2), (3) and (3a), to interest on moneys held by the Official Trustee as trustee of the estate or fund, as the case may be.".
SCHEDULE 1—continued
Sub-section 20j (2)—
     (a) Insert ", or as trustee of a fund referred to in paragraph (1) (b)," after "debtor".
     (b) Add at the end "or fund, as the case may be".
Sub-section 20j (3)—
Insert "(other than moneys of the kind referred to in paragraph (1) (b))" after "interest on moneys".
Sub-section 20j (4)—
Omit the sub-section,