s 6A

Charge not payable on estate surplus

In force

(1)

If:

(a)

the person receives an amount in respect of a bankrupt’s estate; and

(b)

as a result of receiving the amount, the person becomes able to pay off all the bankrupt’s debts;

then the following amounts are not taken into account in determining the amount on which charge is payable:

(c)

any excess of the received amount over the amount needed to pay off all the bankrupt’s debts;

(d)

any amount later received by the person in respect of the estate.

(2)

In this section:

bankrupt’s debts has the same meaning as in subsection 153A(6) of the Bankruptcy Act 1966.

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