/akn/sg/act/sub_leg/2018/IRDA-S590-2020

Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020

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Type: Subsidiary Legislation
Status: In force
Enacted: 2018
Sections: 6

Quick answer

About this subsidiary legislation

Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation IRDA-S590-2020 2018, currently marked in force and first recorded in 2018.

Regulation 1

Citation and commencement

These Regulations are the Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020 and come into operation on 30 July 2020.

Regulation 2

Definitions

In these Regulations —“administration order” means an order for the administration in bankruptcy of a deceased debtor’s estate under section 419 of the Act;“Bankruptcy Regulations” means the Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020 (G.N. No. S 587/2020).

Definition

“administration order” means an order for the administration in bankruptcy of a deceased debtor’s estate under section 419 of the Act;

Definition

“Bankruptcy Regulations” means the Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020 (G.N. No. S 587/2020).

Regulation 3

Fees payable to Official Assignee for administering debt repayment schemes

Subregulation 1

The fees specified in the First Schedule are payable to the Official Assignee for the purposes of Part 15 of the Act and the Insolvency, Restructuring and Dissolution (Debt Repayment Scheme) Regulations 2020 (G.N. No. S 589/2020).

Subregulation 2

The fees specified in items 1, 2 and 3 of the First Schedule are payable by the debtor.

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.

Regulation 5

Manner of payment of deposits and fees

The payment of any deposit or fee specified in these Regulations may be made by such means as the Official Assignee may, from time to time, direct.

Regulation 6

Waiver, refund or remission of fee by Permanent Secretary of Ministry of Law

The Permanent Secretary of the Ministry of Law may, in his or her discretion, waive, refund or remit wholly or in part any fee under these Regulations.

Common questions

What is Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020?: Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation IRDA-S590-2020 2018, currently marked in force and first recorded in 2018.
Is Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020 still in force?: Yes — Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020 is currently in force.
When did Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020 take effect?: Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020 was first recorded in 2018.
How many regulations does Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020 have?: Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020 contains 6 regulations.
Where can I read the official version of Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020?: The official text of Insolvency, Restructuring and Dissolution (Official Assignee’s Fees) Regulations 2020 is published at sso.agc.gov.sg.