EXPLANATORY STATEMENT
STATUTORY RULE 1982 NO. 247
BANKRUPTCY RULES (AMENDMENT)
Paragraph 315(1)(f) of the Bankruptcy Act 1966 provides that the Governor-General may make rules prescribing matters for or in relation to the fees or other payments to be charged in respect of proceedings under the Act or otherwise for the purpose of the Act and for prescribing the manner in which those fees or payments shall be paid.
Sub-rule 179(1) of the Bankruptcy Rules provides that, subject to rule 179, the fees specified in Schedule 4 are payable in respect of the matters in relation to which they are so specified. Rule 1 repeals Schedule 4 to the Bankruptcy Rules and substitutes a new Schedule specifying new fees, increased by 25 percent. Rule 1 is to come into operation on 4 October 1982 (Rule 2).