Corporations Amendment (Insolvency) Act 2007 (132 of 2007)

Schedule 3   Improving regulation of insolvency practitioners

Corporations Act 2001

11   After section 1294

Insert:

1294A Pre-hearing conference

(1) If subsection 1294(1) requires the Board to give a person an opportunity to appear at a hearing and to make submissions to, and bring evidence before, the Board in relation to a matter, the Chairperson of the Board may, if he or she considers that it would assist in the conduct of the hearing to do so, convene one or more conferences with the person.

(2) The Chairperson of the Board may allow any of the following persons to attend a conference:

(a) a representative of ASIC;

(b) a representative of APRA;

(c) any other person.

(3) The Chairperson of the Board must give written notice of a conference to ASIC and APRA at least 14 days before the conference.

(4) At a conference, the Chairperson of the Board may, on behalf of the Board:

(a) fix a date or dates for the hearing; and

(b) give directions about the time within which submissions are to be made to the Board in relation to the matter; and

(c) give directions about the time within which evidence is to be brought before the Board in relation to the matter; and

(d) give directions as to the procedure to be followed at or in connection with the hearing.