Document ID: chunk:federal_register_of_legislation:F2021C00414:reg:3:p5
Version: federal_register_of_legislation:F2021C00414
Segment Type: reg
Provision Reference: reg 3 (pt 5/7)
Character Range: 20688–23445

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 administration of estate of deceased person
 (1) If the Official Trustee acts as trustee of the estate of a bankrupt, or of a deceased person for whose estate an order for administration has been made under Part XI of the Act, the remuneration payable to the Official Trustee is $4 000 plus 20% of the realised balance.
 (2) If the Official Trustee acts as trustee in any of the following circumstances, the remuneration payable is $62.50 for each period of 15 minutes, or part of 15 minutes:
 (a) if the Official Trustee transfers administration of the estate to, or is replaced by, a registered trustee before the bankruptcy is annulled under section 153A or 153B of the Act;
 (b) if a registered trustee is replaced by the Official Trustee for work as trustee of the estate of a bankrupt, or of a deceased person for whose estate an order for administration has been made under Part XI of the Act;
 (c) if a registered trustee transfers work mentioned in paragraph (b) to the Official Trustee.
 (3) The remuneration of the Official Trustee for work mentioned in this section is payable out of the estate.
3.10 Work performed in place of registered trustee or debt agreement administrator
 (1) This section applies if:
 (a) a registered trustee or debt agreement administrator is replaced by the Official Trustee for work or administration of the kind mentioned in subsection 3.04 (1), 3.06 (1) or 3.08 (1); or
 (b) a registered trustee or debt agreement administrator transfers work or administration of the kind mentioned in subsection 3.04 (1), 3.06 (1) or 3.08 (1) to the Official Trustee.
 (2) The remuneration payable to the Official Trustee for work performed in place of a registered trustee or a debt agreement administrator is $62.50 for each period of 15 minutes, or part of 15 minutes.
3.11 Remuneration in addition to realised balance amount
  The remuneration payable to the Official Trustee for work performed under section 3.03, section 3.04 or section 3.07 is in addition to any remuneration payable to the Official Trustee for work performed under subsection 3.09 (1).

Endnotes

Endnote 1—About the endnotes
The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history

Abbreviation key—Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3