Insolvency Law Reform Act 2016 (11 of 2016)

Schedule 1   Amendments relating to the Insolvency Practice Schedule (Bankruptcy)

Part 2   Amendments consequential on the introduction of the Insolvency Practice Schedule (Bankruptcy)

Bankruptcy Act 1966

46   After subsection 139ZIO(2)

Insert:

Interaction with Insolvency Practice Rules

(2A) The Inspector-General may refuse to review a reviewable decision if the Court is exercising powers, under section 45-1, 90-5, 90-10 or 90-15 of Schedule 2, in relation to the decision.

(2B) If:

(a) the Inspector-General is reviewing a reviewable decision; and

(b) the Court begins to exercise powers, under section 45-1, 90-5, 90-10 or 90-15 of Schedule 2, in relation to the decision;

the period referred to in subsection (5) of this section is extended by one day for each day during the period:

(c) beginning when the Court begins to exercise powers as referred to in paragraph (b); and

(d) ending when the Court ceases to exercise those powers.