Bankruptcy Regulations 1996

SCHEDULE 6 - MODIFICATIONS IN RELATION TO PART X OF THE ACT  

(regulations 10.01 , 10.05 , 10.07 , 10.08 and 10.13 )

PART 3 - MODIFICATIONS OF PART VIII OF THE ACT - CONTROLLING TRUSTEES AND TRUSTEES OF PERSONAL INSOLVENCY AGREEMENTS  

3   Subsection 157(1)  

3	substitute
	(1)	If:
				(a)	the Official Trustee is:
					(i)	under section 188 or 192, the controlling trustee in relation to a debtor; or
					(ii)	under Part X, the trustee of a personal insolvency agreement; and
				(b)	the creditors wish to appoint, in place of the Official Trustee:
					(i)	a registered trustee or a solicitor as the controlling trustee; or
					(ii)	a registered trustee as the trustee of the personal insolvency agreement;
			the creditors may do so by resolution at a meeting of creditors.