Insolvency Law Reform Act 2016 (11 of 2016)

Schedule 1   Amendments relating to the Insolvency Practice Schedule (Bankruptcy)

Part 3   Transition to the Insolvency Practice Schedule (Bankruptcy)

Division 1   Introduction

101   Simplified outline of this Part

This Part deals with the way the Bankruptcy Act 1966 will apply when the provisions of this Act begin to operate.

Application of Part 2 of the Insolvency Practice Schedule (Bankruptcy)

A person registered as a trustee before the commencement of this Act will continue to be registered and must comply with the requirements and duties under Part 2 of the Insolvency Practice Schedule (Bankruptcy).

Application of Part 3 of the Insolvency Practice Schedule (Bankruptcy)

Part 3 of the Insolvency Practice Schedule (Bankruptcy) will apply to an administration of an estate that starts on or after the commencement of this Act and to most ongoing administrations (but generally only in relation to new events).

Proceedings before the Court or the Administrative Appeals Tribunal

Proceedings already begun in the Court or the Administrative Appeals Tribunal before the commencement of the amendments made by this Act will continue under the old Act. Orders of the Court under the old Act continue to have effect.

Regulations

Regulations may be made to deal with other transitional matters.