Singapore legislation
Regulation 4
of Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020
Regulation 4
Deposits and fees payable to Official Assignee in relation to bankruptcy proceedings, etc.
Subregulation 1
Subject to paragraph (2), the deposits specified in Part 1 of the Second Schedule are payable to the Official Assignee for the purposes of Parts 16, 17 and 21 of the Act and the Bankruptcy Regulations.
Subregulation 2
The Official Assignee may allow a lower amount to be paid as a deposit in any particular case.
Subregulation 3
Any part of the deposit that is not utilised by the Official Assignee or transferred to a trustee in bankruptcy (if one is appointed) must be refunded by the Official Assignee.
Subregulation 4
The fees specified in Part 2 of the Second Schedule are payable to the Official Assignee for the purposes of Parts 16, 17 and 21 of the Act and the Bankruptcy Regulations.