No. 7/2018 Cap. 6:07 INSOLVENCY SECOND SCHEDULE TARIFF A (Section 29(2)(d)) REMUNERATION OF LIQUIDATOR, INTERIM LIQUIDATOR AND CORPORATE RESCUE PRACTITIONER ITEM I: REMUNERATION OF LIQUIDATOR (sections 48(2) and 136 (I)) A liquidator appointed under the provisions of this Act is entitled to remuneration at the following tariffs( 1) On the proceeds of and any income or rentals arising from any property which was subject to the rights of a secured creditor in respect of the gross amount reflected in each encumbered asset account(a) on the first $5 000 4 per centum (b) on the next $10 000 3 per centum (c) on any amount in excess of $15 000 I per centum (d) minimum fee $150 (2) On the gross amount of the free residue of the company, including any surplus brought into the free residue from an encumbered asset account(a) on the first $5 000 7 per centum (b) on the next $10 000 5 per centum (c) on the next $10 000 4 per centum (d) on any amount in excess of $25 000 3 per centum (e) minimum fee $thirty0 (3) On the gross turnover of any trading or carrying on of business(a) on the first $5 000 3 per centum (b) on any excess over $5 000 1 per centum (4) On the value of any asset taken over by a creditor with the 1 per centum consent of the liquidator minimum fee (5) Where the liquidator is appointed for the purposes of carrying $50 out a scheme of arrangement, post-liquidation composition or compromise under the provisions of this Act, he shall be entitled to a fee calculated as follows on the value of the debtor's property as estimated in the statement of affairs(a) (b) (c) (d) (e) on the first $10 000 or fraction thereof on the next $40,000 or fraction thereof on the next $50 000 or fraction thereof on the next $100 000 or fraction thereof thereafter (6) A liquidator shall be entitled to recover travelling expenses incurred during the course of his duties at a rate to be determined in the discretion of the Master. 338 1 per centum 1.5 per centum 2 per centum 2.5 per centum 3 per centum