Section 277 — Companies Act 1993: Rates of remuneration

277 Rates of remuneration (1) The Governor-General may from time to time, by Order in Council, for the purposes of section 276 of this Act, make regulations fixing an amount or prescribing a rate or rates in respect of the remuneration of liquidators to which that section applies. (2) Without limiting subsection (1) of this section, such regulations may— (a) Prescribe an hourly or other rate or rates of remuneration and different rates may be prescribed in respect of work undertaken in the liquidation by different classes of persons: (b) Prescribe a rate or rates by reference to the net value of the assets realised by the liquidator, together with such other amounts as may be specified: (c) Prescribe a rate or rates in respect of the exercise of a particular function or power: (d) Prescribe a rate or rates by reference to such other criteria as may be specified.