60‑20 Remuneration on a percentage basis60‑20 Remuneration on a percentage basis—maximum percentage

60‑20 Remuneration on a percentage basis—maximum percentage

For the purposes of subsection 60‑12(3) of the Insolvency Practice Schedule (Bankruptcy), the percentage specified in a remuneration determination must not exceed: (a) if the money received by the trustee does not exceed $30,000—20%; or (b) if the money received by the trustee exceeds $30,000 but does not exceed $50,000—20% for the first $30,000 and 17.5% for the balance of the money received; or (c) if the money received by the trustee exceeds $50,000—20% for the first $30,000, 17.5% for the next $20,000 and 15% for the balance of the money received.