Bankruptcy Rules (Amendment) (Cth)

Statutory Rules 1993

No. 90 1

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Bankruptcy Rules 2(Amendment)

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Rules under the Bankruptcy Act 1966.

Dated 27 May 1993.

 BIL;L HAYDEN

 Governor-General

By His Excellency’s Command,

D. KERR

Minister for Justice

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1.   Commencement

1.1   These Regulations commence on 1 June 1993.

2.    Amendment

2.1   The Bankruptcy Rules are amended as set out in these Rules.

3.   Rule 162 (Scale of costs)

3.1   After subrule 162 (2A), insert:

 “(2B) The costs:

• (a)

  specified in this rule and Schedule 3; and

• (b)

  incurred on or after the commencement of this subrule;

are increased by 2.92%.”.

4.    Rule 182 (Fees and percentages payable to the Official Trustee)

4.1   Paragraphs 182 (2) (e), (f) and (g):

Omit the paragraphs, substitute:

• “(e)

  if the prescribed amount in respect of the estate or the debtor exceeds $1,000 but does not exceed $50,000—a fee equal to the sum of $1,000 and an amount equal to 15% of the amount by which the prescribed amount exceeds $1,000; or

• (f)

  if the prescribed amount in respect of the estate or the debtor exceeds $50,000—a fee equal to the sum of $8,350 and an amount equal to 10% of the amount by which the prescribed amount exceeds $50,000.”.

5.   Schedule 6 (Official Trustee’s fees)

5.1   Heading:

Omit “Subrule 182 (1A)”, substitute “Subrule 182 (1)”.

5.2   Item 1, column 3:

Omit “7.00”, substitute “50.00”.

5.3   Item 4, paragraph (c), column 3:

Omit “10.00”, substitute “50.00”.

5.4   Item 4, paragraph (d), column 3:

Omit “1.00”, substitute “2.00”.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 31 May 1993.

2. Statutory Rules 1968 No.2 as amended by 1975 No. 52; 1976 Nos. 105, 143 and 235; 1977 Nos. 32 and 136; 1978 No. 19; 1979 Nos. 157 and 243; 1980 Nos. 385 and 386; 1981 Nos. 40, 304 and 305; 1982 No. 247; 1984 Nos. 23 and 155; 1986 Nos. 84, 95, 96 and 323; 1987 Nos. 21, 51, 54 and 223; 1988 Nos. 19, 261, 342 and 343; 1989 Nos. 176, 182, 183, 245 and 376; 1991 No. 117; 1992 Nos. 194, 261 and 400.