This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 3 December 2007, amend the Companies Act 1993 Liquidation Regulations 1994 (the 1994 Regulations) to increase the fees of certain liquidators and their staff that are set by the 1994 Regulations. The fees are increased—
•for work undertaken by the liquidator, from $65 per hour to $200 per hour:
•for work undertaken by an accountant or solicitor employed by the liquidator, from $70 per hour to $200 per hour:
•for work undertaken by any other employee of the liquidator, from $40 per hour to $140 per hour.