PERSONAL INSOLVENCY AGREEMENTS PART 6 OF 6

Fees and Charges:
FEES AND CHARGES LISTED ARE ONLY A GUIDE:
NOT ALL CHARGES ARE LISTED:

There is a fee payable to ITSA upon lodging a Controlling Trustee Authority form. approx charge or fee-- $200.
A controlling trustee will charge a fee for examining the proposal, investigating the debtor's affairs, preparing a report to creditors and holding the creditors meetings.
The trustee of the Personal Insolvency Agreement (who may be different to the controlling trustee) will also charge a fee for administering the personal insolvency agreement.
Funds realised by a trustee in an administration are subject to a realisations charge ( a government levy) which is paid by the trustee directly to the government. Any interest earned on funds realised by the trustee is payable to the government. approx charge or fee --3.5% of the money received by trustees.

Official receiver notices: issued at a trustee's request $400 plus $50 per 15 minutes or part thereof, if in excess of 2 hours.

Taxation services: $50 per 15 minutes or part thereof.

Trustee and Administrator Registration:initial registration $1200 plus application to be registered as a debt agreement administrator $2000.