Article 3 Fees payable in connection with compensation orders and compensation undertakings

(1)

The Secretary of State is to be paid a fee for performing the function of distributing to a creditor an amount received by the Secretary of State in respect of a compensation order or a compensation undertaking to which this Order applies.

(2)

The fee is to be paid out of the amount received before such a distribution is made to a creditor.

(3)

The fee means the aggregate of—

(a)

the time spent by the appropriate officials carrying out the Secretary of State’s function under paragraph (1) in relation to all creditors specified in a compensation order or a compensation undertaking, multiplied by the hourly rate in accordance with the table in the Schedule; and

(b)

any necessary disbursements or expenses properly incurred in carrying out that function,

divided equally between the total number of creditors specified in the compensation order or the compensation undertaking.