Document ID: chunk:federal_register_of_legislation:F2021C00414:reg:3:p4
Version: federal_register_of_legislation:F2021C00414
Segment Type: reg
Provision Reference: reg 3 (pt 4/7)
Character Range: 18253–20904

the Act, the remuneration payable to the Official Trustee is 20% of the value of the composition or scheme of arrangement accepted by the creditors in accordance with that Division.
 (2) If the Official Trustee transfers work mentioned in subsection (1) to, or is replaced by, a registered trustee, the remuneration payable to the Official Trustee for work performed is $62.50 for each period of 15 minutes, or part of 15 minutes.
 (3) The remuneration payable to the Official Trustee is payable:
 (a) for work under subsection (1) — out of the composition or scheme of arrangement; or
 (b) for work under subsection (2) — out of the estate.
3.05 Work in relation to bankruptcy that is annulled
  If a bankruptcy is annulled under section 153A or 153B of the Act, the remuneration payable to the Official Trustee for acting as trustee in a bankruptcy is $4 000 plus 20% of the realised balance.
3.06 Work in relation to debt agreements
 (1) Subject to subsection (2) and section 3.10, if the Official Trustee is appointed to be an administrator for a debt agreement made under section 185H of the Act, the remuneration payable to the Official Trustee is 20% of the value of the debt agreement.
 (2) If the Official Trustee transfers administration of a debt agreement to, or is replaced by, an administrator or a registered trustee, the remuneration payable to the Official Trustee for acting as administrator of the debt agreement is $62.50 for each period of 15 minutes, or part of 15 minutes.
3.07 Work as controlling trustee
 (1) If the Official Trustee acts under Part X of the Act as controlling trustee, the remuneration payable to the Official Trustee is $62.50 for each period of 15 minutes, or part of 15 minutes, for work as controlling trustee.
 (2) The remuneration of the Official Trustee for work mentioned in section (1) is payable out of the estate.
3.08 Work in relation to personal insolvency agreements
 (1) Subject to subsection (2) and section 3.10, if the Official Trustee acts under Part X of the Act as trustee of a personal insolvency agreement, the remuneration payable to the Official Trustee is 20% of the value of the personal insolvency agreement.
 (2) If the Official Trustee transfers administration of a personal insolvency agreement to, or is replaced by, a registered trustee, the remuneration payable to the Official Trustee for acting as trustee of the personal insolvency agreement is $62.50 for each period of 15 minutes, or part of 15 minutes.
 (3) The remuneration of the Official Trustee for work mentioned in subsection (1) or (2) is payable out of the estate.
3.09 Work in relation to estate of bankrupt or