Bankruptcy Act 1966

S 155I repealed by No 11 of 2016, s 3 and Sch 1 item 47, effective 1 March 2017. S 155I formerly read:

SECTION 155I DECISION ON INVOLUNTARY TERMINATION OF REGISTRATION  
155I(1) [Decision options]  

The committee must:

(a) decide that the trustee should continue to be registered; or

(b) decide that the trustee should cease to be registered.

155I(2) [Continued registration]  

The committee may decide under paragraph (1)(a) that:

(a) the trustee should continue to be registered unconditionally; or

(b) the trustee should continue to be registered on the condition that:

(i) the trustee meets specified conditions; or

(ii) specified conditions are imposed on the trustee ' s practice; or

(iii) specified modifications are made to conditions on the trustee ' s practice.

Note:

See the definition of modifications in subsection 5(1).

155I(3) [Cessation]  

The committee may decide under paragraph (1)(b) that:

(a) the trustee should cease to be registered unconditionally; or

(b) the trustee should cease to be registered if the trustee fails to meet specified conditions.

155I(4) [Report with reasons]  

The committee must give the trustee and the Inspector-General a report of its decision relating to the application, and the reasons for the decision.

155I(5) [Review]  

The trustee may apply to the Administrative Appeals Tribunal for review of the committee ' s decision.

155I(6) [Inspector-General must act]  

The Inspector-General must give effect to the committee ' s decision.

Note:

Sections 176 and 182 specify other circumstances in which a trustee may involuntarily cease to be registered.

S 155I inserted by No 44 of 1996, Sch 1, Pt 1(283).