Commonwealth Consolidated Regulations

INSOLVENCY PRACTICE RULES (BANKRUPTCY) 2016 - RULE 60.20

    For the purposes of subsection   60 - 12(3) of the Insolvency Practice Schedule (Bankruptcy), the percentage specified in a remuneration determination must not exceed:

  (a)   if the money received by the trustee does not exceed $30,000--20%; or

  (b)   if the money received by the trustee exceeds $30,000 but does not exceed $50,000--20% for the first $30,000 and 17.5% for the balance of the money received; or

  (c)   if the money received by the trustee exceeds $50,000--20% for the first $30,000, 17.5% for the next $20,000 and 15% for the balance of the money received.