Bankruptcy (Fees) (Amendment) Rules 2016

Status:

Published in Subsidiary Legislation Supplement
on 27 Jul 2016

No. S 360

Bankruptcy Act

(CHAPTER 20)

Bankruptcy (Fees)
(Amendment) Rules 2016

In exercise of the powers conferred by section 166 of the Bankruptcy Act, the Minister for Law makes the following Rules:

Citation and commencement

1. These Rules are the Bankruptcy (Fees) (Amendment) Rules 2016 and come into operation on 1 August 2016.

Amendment of Schedule

2. Table B of the Schedule to the Bankruptcy (Fees) Rules (R 3) is amended —

(a)

by deleting item 1 and substituting the following item:

“

1.	The deposit to the Official Assignee under Part VI of the Bankruptcy Rules comprising —

$1,850

(a)	an amount of $50 for the handling of court documents and other preliminary work up to the time of the making of a bankruptcy order;

(b)	an amount of $135 for the creation and maintenance of a file (both physical and electronic) upon the making of the bankruptcy order;

(c)	an amount of $140 for the advertisement of the bankruptcy order and the publication of a notification of the order in the Gazette; and

(d)	an amount of $1,525 for the general administration of the bankruptcy

”;

(b)

by deleting item 6 and 7 and substituting the following items:

“

6.	The fee for each application by a trustee for the processing of not more than 10 payments of moneys out of the Bankruptcy Estates Account

$30

7.	The lodgment fee for the following reports of a trustee:

(a)	the report of a trustee’s administration of the bankruptcy required under rule 55 of the Bankruptcy Rules

$15

(b)	the report of a trustee’s administration of the bankruptcy required under section 86F of the Act

$35

(c)	the report of a trustee in support of the issue of a certificate of discharge, required under rule 243A of the Bankruptcy Rules

$35

”;

(c)

by deleting item 10 and 10A and substituting the following items:

“

10.	The fee for every online search on publicly available basic case information

10A.	The fee for every online search on information available only to creditors relating to a bankrupt’s profile, a bankrupt’s creditors, a bankrupt’s assets and disclosed liabilities (including total liabilities), and the amount standing to the credit of the bankrupt’s estate

”;

(d)

by inserting, immediately after item 18, the following items:

“

19.	The fee for each application by a trustee for the processing of not more than 10 payments of moneys into the Bankruptcy Estates Account

$10

20.	Where a bankruptcy is administered by a trustee, the transaction fee for the deposit or transfer of moneys to the Bankruptcy Estates Account by a person other than the trustee

”; and

(e)

by deleting the Note at the end of Table B.

Saving provision

3. Despite rule 2(a), item 1 of Table B of the Schedule to the Bankruptcy (Fees) Rules as in force immediately before 1 August 2016 continues to apply in relation to any bankruptcy application made before that date, and any bankruptcy arising from such a bankruptcy application, as if rule 2(a) had not been enacted.

[G.N. Nos. S 550/2002; S 434/2003; S 740/2004; S 858/2005; S 48/2006; S 111/2012; S 611/2013; S 463/2014]

Made on 25 July 2016.

NG HOW YUE

Permanent Secretary,
Ministry of Law,
Singapore.

[LAW06/011/009 Vol. 5; AG/LEGIS/SL/20/2015/3 Vol. 1]

Search within Legislation