Part 10Insolvency

Money

I1270 Fees

1

The following shall be inserted after section 415 of the Insolvency Act 1986 (c. 45) (fees orders: individual insolvency)—

415A Fees orders (general)

1

The Secretary of State—

a

may by order require a body to pay a fee in connection with the grant or maintenance of recognition of the body under section 391, and

b

may refuse recognition, or revoke an order of recognition under section 391(1) by a further order, where a fee is not paid.

2

The Secretary of State—

a

may by order require a person to pay a fee in connection with the grant or maintenance of authorisation of the person under section 393, and

b

may disregard an application or withdraw an authorisation where a fee is not paid.

3

The Secretary of State may by order require the payment of fees in respect of—

a

the operation of the Insolvency Services Account;

b

payments into and out of that Account.

4

The following provisions of section 414 apply to fees under this section as they apply to fees under that section—

a

subsection (3) (manner of payment),

b

subsection (5) (additional provision),

c

subsection (6) (statutory instrument),

d

subsection (7) (payment into Consolidated Fund), and

e

subsection (9) (saving for rules of court).

2

An order made by virtue of subsection (1) may relate to the maintenance of recognition or authorisation granted before this section comes into force.

3

At the end of section 392 of the Insolvency Act 1986 (c. 45) (authorisation of insolvency practitioner) there shall be added—

9

Subsection (3)(c) shall not have effect in respect of an application made to the Secretary of State (but this subsection is without prejudice to section 415A).

4

In section 440(2)(c) of that Act (provisions not extending to Scotland) after “415,” there shall be inserted “ 415A(3), ”.