Insolvency Law Reform Act 2016 (11 of 2016)
Schedule 1 Amendments relating to the Insolvency Practice Schedule (Bankruptcy)
Part 2 Amendments consequential on the introduction of the Insolvency Practice Schedule (Bankruptcy)
Bankruptcy Act 1966
10 Subsection 5(1) (definition of special resolution)
Repeal the definition, substitute:
special resolution : a special resolution is passed by creditors of a regulated debtor's estate:
(a) in a meeting - in the circumstances prescribed under paragraph 75-50(2)(k) of Schedule 2; or
(b) without a meeting - in the circumstances prescribed under paragraph 75-40(5)(b) of Schedule 2.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
