Contents

Part 1--Preliminary                                                                                                                1

1............ Short title [see Note 1] ....................................................................... 1

2............ Commencement [see Note 1] .............................................................. 1

3............ Act to bind the Commonwealth Crown ............................................. 1

4............ Interpretation ...................................................................................... 1

Part 2--Interest charge                                                                                                        2

5............ Interest charge ..................................................................................... 2

Part 3--Realisations charge                                                                                              3

6............ Realisations charge .............................................................................. 3

6A......... Charge not payable on estate surplus ................................................. 3

7............ Amount of charge payable .................................................................. 4

7A......... Certain amounts treated as being received by person ......................... 4

8............ Working out the amount on which charge is payable ......................... 4

Part 4--Miscellaneous                                                                                                          6

9............ Regulations ......................................................................................... 6

Notes                                                                                                                                               7

  

Notes to the Bankruptcy (Estate Charges) Act 1997

Note 1

The Bankruptcy (Estate Charges) Act 1997 as shown in this compilation comprises Act No. 12, 1997 amended as indicated in the Tables below.

For all relevant information pertaining to application, saving or transitional provisions see Table A.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Bankruptcy (Estate Charges) Act 1997	12, 1997	13 March 1997	14 Apr 1997 (see Gazette 1997, No. S136)
Bankruptcy (Estate Charges) Amendment Act 2001	158, 2001	1 Oct 2001	(a)	Sch. 1 (items 10-16) S. 2 (as am. by 61, 2002 Sch. 1 [item 11])
as amended by
Bankruptcy (Estate Charges) Amendment Act 2002	61, 2002	3 July 2002	(see 61, 2002 below)	--
Bankruptcy (Estate Charges) Amendment Act 2002	61, 2002	3 July 2002	Schedule 1 (items 1-10, 12, 13): (b) Remainder: Royal Assent	Sch. 1 (items 12, 13)
Bankruptcy (Estate Charges) Amendment Act 2004	81, 2004	23 June 2004	Schedule 1: 1 Dec 2004 (see s. 2(1) and Gazette 2004, No. GN34) Remainder: Royal Assent	Sch. 1 (item 4)
Bankruptcy Legislation Amendment (Fees and Charges) Act 2006	34, 2006	3 May 2006	Schedule 2: 1 July 2006	Sch. 2 (item 3)
Bankruptcy (Estate Charges) Amendment Act 2007	43, 2007	10 Apr 2007	1 July 2007	Sch. 1, (item 4)

(a)     Section 2 of the Bankruptcy (Estate Charges) Amendment Act 2001 provides as follows:

                    2   This Act commences immediately after the commencement of section 1 of the Bankruptcy (Estate Charges) Amendment Act 2002.

         Section 1 commenced on 3 July 2002.

(b)    Subsection 2(1) (items 2 and 4) of the Bankruptcy (Estate Charges) Amendment Act 2002 provides as follows:

                 (1)    Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.

 

Commencement information
Column 1	Column 2	Column 3
Provision(s)	Commencement	Date/Details
2.  Schedule 1, items 1 to 10	Immediately after section 1 of the Bankruptcy (Estate Charges) Amendment Act 2001 commences	3 July 2002
4.  Schedule 1, items 12 and 13	Immediately after section 1 of the Bankruptcy (Estate Charges) Amendment Act 2001 commences	3 July 2002

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted
Provision affected	How affected
Part 1
S. 4......................................	am. No. 158, 2001; No. 34, 2006
Part 2
S. 5......................................	am. No. 158, 2001; No. 61, 2002; No. 81, 2004; No. 43, 2007
Part 3
S. 6......................................	am. No. 158, 2001; No. 61, 2002; No. 81, 2004; No. 43, 2007
S. 6A...................................	ad. No. 158, 2001
	am. No. 61, 2002
S. 7......................................	rs. No. 34, 2006
Heading to s. 7A.................	am. No. 61, 2002
S. 7A...................................	ad. No. 158, 2001
	am. No. 61, 2002
S. 8......................................	am. No. 61, 2002
Part 4
Part 4...................................	ad. No. 158, 2001
S. 9......................................	ad. No. 158, 2001

Table A

Application, saving or transitional provisions

Bankruptcy (Estate Charges) Amendment Act 2001 (No. 158, 2001)

Schedule 1

10  Definitions

In this Part:

commencing time means the time when this Act commences.

Estate Charges Act means the Bankruptcy (Estate Charges) Act 1997.

11  Item 1

(1)        If this Act commences during an old charge period ending on 30 April, then:

                     (a)  that charge period is extended until 30 June; and

                     (b)  the amendment made by item 1 applies from 1 July following that 30 June.

(2)        If this Act commences during an old charge period ending on 31 October, then:

                     (a)  that charge period is extended until 31 December; and

                     (b)  the amendment made by item 1 applies from 1 January following that 31 December.

(3)        In this item:

old charge period means a charge period within the meaning of the Estate Charges Act (ignoring the amendment made by item 1).

12  Items 2 and 5

The amendments made by items 2 and 5 apply to charge periods that end after the commencing time.

13  Items 3 and 6

The amendments made by items 3 and 6 apply to charge periods that end after the commencing time.

14  Item 4

The amendment made by item 4 applies to compositions and schemes of arrangement that are accepted by creditors after the commencing time.

15  Item 7

The amendment made by item 7 applies to amounts received after the commencing time.

16  Item 8

The amendment made by item 8 applies to amounts that are applied or dealt with after the commencing time.

Bankruptcy (Estate Charges) Amendment Act 2002 (No. 61, 2002)

Schedule 1

12  Items 1 to 3

The amendments made by items 1, 2 and 3 apply to interest paid, after the commencement of those items, into the account held by a person for the purposes of section 169 of the Bankruptcy Act 1966.

13  Items 4 to 10

The amendments made by items 4, 5, 6, 7, 8, 9 and 10 apply to amounts received after the commencement of those items.

Bankruptcy (Estate Charges) Amendment Act 2004 (No. 81, 2004)

Schedule 1

4  Transitional

(1)        In this item:

post‑commencement composition means a composition that was accepted after the commencement of this item by a special resolution of a meeting of creditors under section 204 of the Bankruptcy Act 1966 as that section continues to apply because of item 213 of Schedule 1 to the Bankruptcy Legislation Amendment Act 2004.

post‑commencement deed means a deed of assignment or a deed of arrangement that was executed after the commencement of this item by a debtor and a trustee under Part X of the Bankruptcy Act 1966 as that Part continues to apply because of item 213 of Schedule 1 to the Bankruptcy Legislation Amendment Act 2004.

pre‑commencement composition has the same meaning as in item 212 of Schedule 1 to the Bankruptcy Legislation Amendment Act 2004.

pre‑commencement deed has the same meaning as in item 212 of Schedule 1 to the Bankruptcy Legislation Amendment Act 2004.

(2)        Despite the amendment made by item 1 of this Schedule, section 5 of the Bankruptcy (Estate Charges) Act 1997 continues to apply, in relation to an amount to which a person is entitled because the person is:

                     (a)  the trustee of a pre‑commencement deed; or

                     (b)  the trustee of a pre‑commencement composition; or

                     (c)  the trustee of a post‑commencement deed; or

                     (d)  the trustee of a post‑commencement composition;

as if that amendment had not been made.

(3)        Despite the amendments made by items 2 and 3 of this Schedule, Part 3 of the Bankruptcy (Estate Charges) Act 1997 continues to apply, in relation to an amount received by a person because the person is:

                     (a)  the trustee of a pre‑commencement deed; or

                     (b)  the trustee of a pre‑commencement composition; or

                     (c)  the trustee of a post‑commencement deed; or

                     (d)  the trustee of a post‑commencement composition;

as if those amendments had not been made.

Bankruptcy Legislation Amendment (Fees and Charges) Act 2006
(No. 34, 2006)

Schedule 2

3  Application of amendments

The amendments of the Bankruptcy (Estate Charges) Act 1997 made by this Schedule apply in relation to the financial year starting on 1 July 2006 and later financial years.

Bankruptcy (Estate Charges) Amendment Act 2007 (No. 43, 2007)

Schedule 1

4  Application of amendments

The amendments made by this Schedule apply in relation to a debt agreement made as the result of the acceptance of a debt agreement proposal given to the Official Receiver on or after 1 July 2007.