Federal Register of Legislation
Bankruptcy (Estate Charges) Amendment Act 2001
Act No. 158 of 2001 as amended
This compilation was prepared on 24 July 2002
[This Act was amended by Act No. 61 of 2002]
Amendment from Act No. 61 of 2002
[Schedule 1 (item 11) amended section 2 Schedule 1 (item 11) commenced on 3 July 2002]
Prepared by the Office of Legislative Drafting, Attorney-General's Department, Canberra
Contents 1 Short title................................... 2 Commencement............................... 3 Schedule(s)..................................
Schedule 1—Amendments and transitional provisions
Part 1—Amendments Bankruptcy (Estate Charges) Act 1997
Part 2—Transitional provisions An Act to amend the Bankruptcy (Estate Charges) Act 1997, and for related purposes
[Assented to 1 October 2001]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Bankruptcy (Estate Charges) Amendment Act 2001.
2 Commencement
This Act commences immediately after the commencement of section 1 of the Bankruptcy (Estate Charges) Amendment Act 2002.
3 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Amendments and transitional provisions
Part 1—Amendments
Bankruptcy (Estate Charges) Act 1997
1 Subsection 4(1) (definition of charge period) Repeal the definition, substitute:
charge period means a period of 6 months commencing on 1 January or 1 July.
2 After subsection 5(1) Insert:
(1A) No charge is payable by a trustee in respect of an account for a charge period if the amount of that charge would be less than $10, or a higher amount prescribed by the regulations.
3 Subsection 5(4) Omit "21 days", substitute "35 days".
4 After paragraph 6(1)(a) Insert: (aa) is the trustee of a composition or scheme of arrangement under Division 6 of Part IV of the Bankruptcy Act 1966; or
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