Singapore legislation
Regulation 85
of Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020
Regulation 85
Expenses of sale
When property forming part of a bankrupt’s estate is sold by the trustee of the bankrupt’s estate through an auctioneer or other agent, the gross proceeds of the sale must be paid over by the auctioneer or agent, and the charges and expenses connected with the sale must afterwards be paid to the auctioneer or agent on production of the necessary allocatur.