Bankruptcy Act 1966

A determination under section 60‑10 or 60‑11 may specify remuneration that the trustee is entitled to receive in either or both of the following ways:

by specifying an amount of remuneration;

by specifying a method for working out an amount of remuneration.

If a determination under section 60‑10 or 60‑11 specifies that the trustee is entitled to receive remuneration worked out wholly or partly on a time‑cost basis, the determination must include a cap on the amount of remuneration worked out on a time‑cost basis that the trustee is entitled to receive.

If a determination under section 60‑10 or 60‑11 specifies that the trustee is entitled to receive remuneration worked out wholly or partly on the basis of a specified percentage of money received by the trustee in respect of the regulated debtor’s estate:

the determination must specify the money to which the specified percentage applies; and

the specified percentage must not be greater than the percentage prescribed for the purposes of this paragraph.

To avoid doubt, more than one determination under section 60‑10 or 60‑11 may be made in relation to a particular trustee and a particular regulated debtor’s estate.