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5. Any fees and 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 due for payment from the sequestrated estate where—
(a)AiB has made a determination of its fees and outlays calculated in accordance with these Regulations, under and in accordance with, as appropriate, one of these provisions of the Act—
(i)section 64(3) (determination of fees and outlays where Accountant in Bankruptcy was original trustee and some other person becomes trustee);
(ii)section 136(1) and (2) (determination of fees and outlays at end of each accounting period where Accountant in Bankruptcy is trustee);
(iii)section 151(3) (determination of fees and outlays on discharge of Accountant in Bankruptcy as trustee); and
(b)the period within which an appeal against such a determination may be taken to the sheriff has expired or, if an appeal is so taken, that appeal has been determined, under, as appropriate, one of these provisions of the Act—
(i)section 64(8) and (9);
(ii)section 136(4) and (6);
(iii)section 151(7) and (8).
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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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