the complexity (or otherwise) of the work performed or likely to be performed; the extent (if any) to the external administrator was, or is likely to be required to deal with extraordinary issues; the extent (if any) to which the external administrator was, or is likely to be, required to accept a higher level of risk or responsibility than is usually the case; the value and nature of any property dealt with, or likely to be dealt with by the external administrator; the number, attributes and conduct, or the likely number, attributes and conduct of the creditors; if the remuneration is worked out wholly or partly on a basis the time properly taken, or is likely to be – properly taken, by the external administrator in performing the work; whether the external administrator was, or is likely to be required to deal with one or more received or one or more receivers and managers; if a review has been undertaken by another registered liquidator into a matter relating to an external administration and that matter is, or includes, remuneration of the external administrator, the contents of the report on the review; and any other relevant matters.[Schedule 2, item 2, Schedule 2 to the Act, Part 3, section 60-25] The maximum default amount that an external administrator may receive is $5,000 (exclusive of GST) and indexed with reference to increases in the CPI. [Schedule 2, item 2, Schedule 2 to the Act, Part 3, section 60-30] A provisional liquidator is entitled to receive such remuneration, by way of percentage or otherwise as is: determined by the or if there is no determination by the Court and there is a committee of inspection, as agreed between the liquidator and the committee of inspection; or if there is no determination by the Court and no agreement between the liquidator and the committee of inspection, then by resolution of the creditors.[Schedule 2, item 2, Schedule 2 to the Act, Part 3, section 60-16] If ASIC orders that an abandoned company be wound up under section 489EA, ASIC may determine the remuneration that the liquidator
the complexity (or otherwise) of the work performed or likely to be performed; the extent (if any) to the external administrator was, or is likely to be required to deal with extraordinary issues; the extent (if any) to which the external administrator was, or is likely to be, required to accept a higher level of risk or responsibility than is usually the case; the value and nature of any property dealt with, or likely to be dealt with by the external administrator; the number, attributes and conduct, or the likely number, attributes and conduct of the creditors; if the remuneration is worked out wholly or partly on a basis – the time properly taken, or is likely to be properly taken, by the external administrator in performing the work; whether the external administrator was, or is likely to be required to deal with one or more received or one or more receivers and managers; if a review has been undertaken by another registered liquidator into a matter relating to an external administration and that matter is, or includes, remuneration of the external administrator, the contents of the report on the review; and any other relevant matters.[Schedule 2, item 2, Schedule 2 to the Act, Part 3, section 60-25] The maximum default amount that an external administrator may receive is $5,000 (exclusive of GST) and indexed with reference to increases in the CPI. [Schedule 2, item 2, Schedule 2 to the Act, Part 3, section 60-30] A provisional liquidator is entitled to receive such remuneration, by way of percentage or otherwise as is: determined by the or if there is no determination by the Court and there is a committee of inspection, as agreed between the liquidator and the committee of inspection; or if there is no determination by the Court and no agreement between the liquidator and the committee of inspection, then by resolution of the creditors.[Schedule 2, item 2, Schedule 2 to the Act, Part 3, section 60-16] If ASIC orders that an abandoned company be wound up under section 489EA, ASIC may determine the remuneration that the liquidator
C2014-050_EM_ILRB.docx