Corporations Act 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS  

Division 80 - Committees of inspection  

SECTION 80-25   APPOINTMENT OF COMMITTEE MEMBER BY EMPLOYEES  

80-25(1)    
Either:

(a) an employee of the company; or

(b) employees of the company;

representing at least 50% in value of entitlements owed to or in respect of employees by the company may appoint a person as a member of the committee of inspection to represent the employees.

80-25(2)    
If an employee or a group of employees appoints a person as a member of a committee of inspection under this section, the employee or group of employees may:

(a) remove the person as a member of the committee; and

(b) appoint another person to fill a vacancy in the office of that member of the committee.

80-25(3)    
An employee, acting either alone or with others, is not entitled to appoint a person as a member of a committee of inspection under subsection (1) if:

(a) the employee votes on a resolution to appoint or remove a member of the committee under section 80-15 ; or

(b) the employee, acting either alone or with others, appoints a member of the committee under subsection 80-20(1) ; or

(c) the employee, acting either alone or with others, has already appointed a member of the committee under subsection (1) of this section.

80-25(4)    
In this section:

employee
of a company has the same meaning as in Part 5.8A .

entitlements
of an employee of a company has the same meaning as in Part 5.8A .