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Insolvency Law Reform Act 2016
130Duties of trustees relating to remuneration and other benefits
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130 Duties of trustees relating to remuneration and other benefits
(1) Sections 60‑20 and 60‑21 of the Insolvency Practice Schedule (Bankruptcy) apply in relation to a trustee of a regulated debtor’s estate under ongoing administration whether or not the trustee is appointed, or consents to act, before, on or after the commencement day.
(2) However, those sections do not apply in relation to arrangements made before the commencement day.
Old Act continues to apply to arrangements made before commencement day
(3) Despite the repeal of section 165 of the old Act by this Schedule, that section continues to apply in relation to arrangements made before the commencement day.