338. Fixing of remuneration.

The trustee is entitled to receive remuneration for services as trustee in bankruptcy1. The basis of remuneration must be fixed:

  1.  

    (1)     as a percentage of the value of the assets in the bankrupt's estate which are realised, distributed2, or both realised and distributed by the trustee;

  2.  

    (2)     by reference to the time properly given by the trustee, and the trustee's staff in attending to matters arising in the bankruptcy; or

  3.  

    (3)     as a set amount3.

The basis of remuneration may be one or a combination of the bases set out in heads (1) to (3) and different bases or percentages

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