Bankruptcy Regulations 2021

PART 4 - PROCEEDINGS IN CONNECTION WITH BANKRUPTCY  

Division 2 - Petitions  

SECTION 17  

17   PRESCRIBED MODIFICATIONS OF APPLIED PROVISIONS  
For the purposes of subsection 50(5) of the Act, section 81 of the Act is modified as follows:

(a)    by omitting from subsection (2) " An " and substituting " Subject to subsection (2A), an " ;

(b)    by inserting after subsection (2) the following subsection:

" (2A)
The Court or a magistrate may direct that an examination, or any part of an examination, under this section shall be held in private. " ;

(c)    by omitting from subsection (9) " is the trustee " and substituting " has been directed to take control of the property of the relevant person " ;

(d)    by omitting subsection (10A);

(e)    by omitting subsection (14) and substituting the following subsections:

" (14)
Subject to subsection (14A), the applicant for an examination under this section is to pay the costs incurred in connection with the examination.

(14A)
The Court or a magistrate may order that all or some of the costs mentioned in subsection (14) are to be paid by the relevant person. " .