Document ID: chunk:federal_register_of_legislation:C2025C00167:section:189ac
Version: federal_register_of_legislation:C2025C00167
Segment Type: section
Provision Reference: s 189AC
Character Range: 670591–671145

189AC  Right of indemnity for controlling trustee
 (1) The controlling trustee is entitled to be indemnified out of the debtor's property for:
 (a) his or her remuneration; and
 (b) any costs, charges or expenses properly and reasonably incurred by the controlling trustee while the debtor's property was subject to control under this Division.
 (2) To secure a right of indemnity under subsection (1), the controlling trustee has a lien on the debtor's property.
 (3) A lien under subsection (2) ceases to have effect if the debtor becomes a bankrupt.