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Insolvency Practice Rules (Bankruptcy) 2016
42‑60 Costs incurred to be necessary and42‑60 Costs incurred to be necessary and reasonable
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42‑60 Costs incurred to be necessary and reasonable
In conducting an administration, a registered trustee must: (a) incur only those costs that are necessary and reasonable; and (b) before deciding whether it is appropriate to incur a cost, compare the amount of the cost likely to be incurred with the value and complexity of the administration.