Document ID: chunk:federal_register_of_legislation:C2016A00011:clause:2_130
Version: federal_register_of_legislation:C2016A00011
Segment Type: clause
Provision Reference: sch 2 cl 130
Character Range: 194386–195130

130  Duties of trustees relating to remuneration and other benefits

Application of the Insolvency Practice Schedule (Bankruptcy)
(1) Sections 60‑20 and 60‑21 of the Insolvency Practice Schedule (Bankruptcy) apply in relation to a trustee of a regulated debtor's estate under ongoing administration whether or not the trustee is appointed, or consents to act, before, on or after the commencement day.
(2) However, those sections do not apply in relation to arrangements made before the commencement day.

Old Act continues to apply to arrangements made before commencement day
(3) Despite the repeal of section 165 of the old Act by this Schedule, that section continues to apply in relation to arrangements made before the commencement day.