Commonwealth Consolidated Acts

BANKRUPTCY ACT 1966 - SECT 161B

             (1)  If the total remuneration payable to the trustee under section 162 would be less than the following amount (the statutory minimum ):

                     (a)  $5,000;

                     (b)  if another amount is prescribed by the regulations for the purposes of this paragraph--that other amount;

the trustee is entitled to be paid, from the funds in the bankrupt's estate, additional remuneration equal to the shortfall.

          (1A)  The statutory minimum is increased by 8.4% if the trustee's remuneration is consideration for a taxable supply (within the meaning of the A New Tax System (Goods and Services Tax) Act 1999 ).