Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Magistrates' Courts Act, 1944 (Act No. 32 of 1944)Part II : Civil MattersChapter IX : Execution74L. Remuneration and expenses of administrator |
| (1) | An administrator may, before making a distribution— |
| (a) | deduct from the money collected his necessary expenses and a remuneration determined in accordance with a tariff prescribed in the rules; |
| (b) | retain a portion of the money collected, in the manner and up to an amount prescribed in the rules, to cover the costs that he may have to incur if the debtor is in default or disappears. |
| (2) | The expenses and remuneration mentioned in subsection (1)(a) shall not exceed 12 ½ per cent of the amount of collected moneys received and such expenses and remuneration shall, upon application by any interested party, be subject to taxation by the clerk of the court and review by any judicial officer. |
