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