Bankruptcy Amendment Regulations 2000 (No. 1)

Statutory Rules 2000 No. 140

I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Bankruptcy Act 1966.

Dated 21 June 2000

WILLIAM DEANE

Governor-General

By His Excellency’s Command

amanda vanstone

Minister for Justice and Customs

Bankruptcy Amendment Regulations 2000 (No. 1)1

Statutory Rules 2000 No. 1402

made under the

Bankruptcy Act 1966

 

 

 

Contents

 Page

 1 Name of Regulations 

 2 Commencement 

 3 Amendment of Bankruptcy Regulations 

Schedule 1 Amendments 

 

:

:

1 Name of Regulations

  These Regulations are the Bankruptcy Amendment Regulations 2000 (No. 1).

2 Commencement

  These Regulations commence on 1 July 2000.

3 Amendment of Bankruptcy Regulations

  Schedule 1 amends the Bankruptcy Regulations.

 

Schedule 1 Amendments

:

(regulation 3)

[1] Regulation 1.01

substitute

1.01 Name of Regulations

  These Regulations are the Bankruptcy Regulations 1996.

[2] Subregulation 16.07 (9), note

omit

[3] After subregulation 16.07 (9)

insert

 (10) The amount of a fee mentioned in subregulation (1), (2), (3), (7) or (8) that would, apart from this provision, be payable, is increased in accordance with the following steps:

Step 1

Work out the amount of the fee in accordance with the options in the applicable subregulation

Step 2

Add an amount equal to 8.4% of the result of Step 1.

  The result is the price of the taxable supply within the meaning of A New Tax System (Goods and Services Tax) Act 1999.

Note   See also regulation 8.12 (prescribed remuneration of the Official Trustee).

[4] After subregulation 16.12 (4)

insert

 (5) The amount of a fee mentioned in subregulation (2) that would, apart from this provision, be payable, is increased in accordance with the following steps:

Step 1

Work out the amount of the fee in accordance with the options in the applicable subregulation

Step 2

Add an amount equal to 8.4% of the result of Step 1.

  The result is the price of the taxable supply within the meaning of A New Tax System (Goods and Services Tax) Act 1999.

Notes

1. These Regulations amend Statutory Rules 1996 No. 263, as amended by 1996 No. 278; 1997 Nos. 76 and 325.

2. Made by the Governor-General on 21 June 2000, and notified in the Commonwealth of Australia Gazette on 28 June 2000.