S 176 repealed by No 11 of 2016, s 3 and Sch 1 item 54, applicable in relation to the administration of regulated debtors
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estates on and after 1 September 2017. S 176 formerly read:
SECTION 176 COURT MAY ORDER TRUSTEE TO MAKE GOOD LOSS CAUSED BY BREACH OF DUTY
176(1)
Where, on application by the Inspector-General or by a creditor who has or had a debt provable in the bankruptcy, the Court is satisfied that a person who is or has been a trustee of a bankrupt
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s estate has been guilty (whether before or after the commencement of this section) of breach of duty in relation to the bankrupt
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s estate or affairs, subsection (2) applies.
History
S 176(1) substituted by No 12 of 1980, s 91; No 119 of 1987, s 57(1).
176(2)
The Court may make any one or more of the following orders:
(a)
an order directing the person to make good any loss that the bankrupt
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s estate has sustained because of the person
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s breach of duty;
(b)
if the person is a registered trustee
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an order directing the Inspector-General to cancel the person
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s registration as a trustee;
(c)
any other order that the Court considers just and equitable in the circumstances.
History
S 176(2) substituted by No 12 of 1980, s 91; No 119 of 1987, s 57(1); amended by No 115 of 1990, s 29; No 44 of 1996, Sch 1, Pt 1(311).