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

9   Subsection 5(1) (definition of resolution)

Repeal the definition, substitute:

resolution : a resolution is passed by creditors of a regulated debtor's estate:

(a) in a meeting - in the circumstances prescribed under paragraph 75-50(2)(k) of Schedule 2; or

(b) without a meeting - in the circumstances prescribed under paragraph 75-40(5)(b) of Schedule 2.