Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The amount on which charge is payable for a charge period is the amount realised less the permitted deductions.
(2) The amount realised is the total amount received by the person in the capacity referred to in subsection 6(1) during the charge period, but not including:
(a) amounts paid to the person by creditors under an indemnity in respect of costs; or
(b) amounts paid to the person under section 305 of the Bankruptcy Act 1966 .
(3) The permitted deductions are all amounts paid by the person in the capacity referred to in subsection 6(1) during the charge period that are:
(a) amounts paid by the person in carrying on the business of the bankrupt, deceased person or debtor; or
(b) amounts paid to secured creditors.
(4) Once an amount has been taken into account for the purposes of subsection ( 2) as an amount received, the whole or part of the amount is not to be taken into account again as an amount received for the purposes of another application of that subsection.