6Realisations charge

#### 6 Realisations charge (1) A charge, calculated in accordance with sections 7 and 8, is imposed in respect of amounts received by a person (including the Official Trustee) who, during a charge period: (a) is the trustee of the estate of a bankrupt under the Bankruptcy Act 1966; or (aa) is the trustee of a composition or scheme of arrangement under Division 6 of Part IV of the Bankruptcy Act 1966; or (ab) is the administrator of a debt agreement under Part IX of the Bankruptcy Act 1966; or (b) is controlling trustee in relation to a debtor whose property has become subject to control under Division 2 of Part X of the Bankruptcy Act 1966; or (c) is the trustee of a personal insolvency agreement executed in relation to a debtor under Part X of the Bankruptcy Act 1966; or (d) is the trustee of the estate of a deceased person under Part XI of the Bankruptcy Act 1966. (1A) No charge is payable by a person for a charge period in respect of a particular estate, personal insolvency agreement, composition or debtor (as the case requires) if the amount of that charge would be less than $10, or a higher amount prescribed by the regulations. (2) The charge is payable by the person to the Commonwealth. (3) The charge is payable within 35 days after the end of the charge period.