External administrator - maximum default amount of remuneration

(Section 60-15 of Schedule 2 to the Corporations Act 2001)

An external administrator of a company (other than a provisional liquidator or a liquidator appointed by ASIC under section 489EC of the Corporations Act 2001) who is appointed on or after 1 September 2017 is entitled to the following maximum default amount of remuneration set out in the Table below if remuneration is not determined by:

  1. For external administrations other than a members’ voluntary winding up:
    1. by resolution of the creditors; or
    2. if there is a committee of inspection and a determination is not made under paragraph (a) – by the committee of inspection; or
    3. if a determination is not made under paragraph (a) or (b) – by the Court
  2. In a members’ voluntary winding up:
    1. by resolution of the company at a general meeting: or
    2. if a determination is not made under paragraph (a) – by the Court.

Appointment date

Maximum default amount (exclusive of GST)

Appointed   between 1 September 2017 and 30 June 2018

$5,106

Appointed   between 1 July 2018 and 30 June 2019

$5,203

Appointed   between 1 July 2019 and 30 June 2020

$5,272

Note: The Old Act (as defined in section 1551 of the Corporations Act 2001) applies in relation to the remuneration of an external administrator of a company who is appointed before 1 September 2017.

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Quicklinks

Insolvency Law Reform Act 2016

Releases on insolvency

Liquidator registration applications

Registered liquidator disciplinary decisions

Insolvency statistics

 

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Published notices

View insolvency and deregistration notices on the published notices website.

Last updated: 19/09/2019 10:28