No. 7/2018 INSOLVENCY Cap. 6:07 (2) The remuneration and expenses referred to in subsection ( 1) must be taxed by the Master in accordance with the Second Schedule item l. (3) Every liquidator must keep time sheets \Vith the level of experience and expertise of persons doing the \vork and lodge them with the Master if the amount of the remuneration becomes an issue. (4) The liquidator may apply to the Master for an increase in remuneration after giving at least 14 days liquidator's notice to proved creditors who will be affected hy the increase. (5) The Master may for good cause increase or decrease the liquidator's remuneration, in particular to compensate him or her for the time spent in assisting with criminal prosecutions or investigating the affairs of the debtor, or disallow his or her remuneration either wholly or in part, by reason of any failure of or delay in the discharge of his or her duties or on account of any improper performance of his or her duties. (6) The Minister may by notice in the Ga:.:ette amend the First, Second and Third Schedule. (7) Any person who employs the liquidator or who is a fellow employee of or who is ordinarily in the employment of the liquidator is not entitled to any remuneration out of the insolvent estate for services rendered to the estate, and a liquidator or his or her partner is not entitled to remuneration out of the estate for services rendered to the estate, except the remuneration to which he or she is under this Act entitled as a liquidator. (8) A liquidator is not entitled to receive any remuneration before the liquidation account making provision for the remuneration has been confirmed in terms of section 103. 49 General duties and powers of liquidator ( 1) The liquidator of an insolvent estate must proceed forthwith to recover and take into his or her possession all the assets and property of the insolvent estate and must apply the said assets and property, in satisfaction of the costs of the administration of the estate and the claims of creditors of the estate and if any cash balance remains, he or she must deal there\vith in accordance with section 103. (2) The liquidator may perform any act which is necessary for the proper administration and distribution of the estate and, except where otherwise provided by this Act, he or she needs not obtain formal authorisation for the performance of any such act. (3) The liquidator may, in particular- (a) execute in the name of and on behalf of the estate all deeds, receipts and other documents; (b) prm e a claim in the estate of any debtor of the insolvent estate and receive payment or a dividend in respect thereof; (c) drmv, accept, make or endorse any bill of exchange or promissory note in the name of, or on behalf of the estate: Provided that any such act by which the estate is burdened with additional liabilities requires the authorisation of the Master or the creditors of the estate: (d) carry on the business of the debtor or any part thereof but, until authorised otherwise by the Master or the creditors, only in so far as it is necessary 236