Document ID: chunk:federal_register_of_legislation:C2007A00132:clause:1_35
Version: federal_register_of_legislation:C2007A00132
Segment Type: clause
Provision Reference: sch 1 cl 35
Character Range: 42533–44173

35  At the end of section 504
Add:

 (2) In exercising its powers under subsection (1), the Court must have regard to whether the remuneration is reasonable, taking into account any or all of the following matters:
 (a) the extent to which the work performed by the liquidator was reasonably necessary;
 (b) the extent to which the work likely to be performed by the liquidator is likely to be reasonably necessary;
 (c) the period during which the work was, or is likely to be, performed by the liquidator;
 (d) the quality of the work performed, or likely to be performed, by the liquidator;
 (e) the complexity (or otherwise) of the work performed, or likely to be performed, by the liquidator;
 (f) the extent (if any) to which the liquidator was, or is likely to be, required to deal with extraordinary issues;
 (g) the extent (if any) to which the liquidator was, or is likely to be, required to accept a higher level of risk or responsibility than is usually the case;
 (h) the value and nature of any property dealt with, or likely to be dealt with, by the liquidator;
 (i) whether the liquidator was, or is likely to be, required to deal with:
 (i) one or more receivers; or
 (ii) one or more receivers and managers;
 (j) the number, attributes and behaviour, or the likely number, attributes and behaviour, of the company's creditors;
 (k) if the remuneration is ascertained, in whole or in part, on a time basis:
 (i) the time properly taken, or likely to be properly taken, by the liquidator in performing the work; and
 (ii) whether the total remuneration payable to the liquidator is capped;
 (l) any other relevant matters.