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4. The outlays payable to AiB in respect of the exercise by, or on behalf of, that office of its functions as interim trustee or trustee in a sequestration are those outlays actually, necessarily and reasonably incurred in respect of the exercise of any of those functions and include, but are not limited to, outlays so incurred in respect of—
(a)the making of searches in any public register;
(b)the valuation of property;
(c)legal services and related expenses;
(d)estate agency services;
(e)the services of auctioneers and valuers;
(f)services related to taxation matters;
(g)travel and subsistence expenses; and
(h)any payment by AiB under section 201(4) of the Act to a person appointed to perform AiB’s functions as interim trustee or trustee not met by the fee charged under item 2 of Part 1 of the table of fees.
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Policy Note sets out a brief statement of the purpose of a Scottish Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Scottish Statutory Instrument accessible to readers who are not legally qualified and accompany any Scottish Statutory Instrument or Draft Scottish Statutory Instrument laid before the Scottish Parliament from July 2012 onwards. Prior to this date these type of notes existed as ‘Executive Notes’ and accompanied Scottish Statutory Instruments from July 2005 until July 2012.
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