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 5 Application of other consequential amendments
168 Resolutions and special resolutions
The repeal and substitution of the definitions of resolution and special resolution in subsection 5(1) of the Bankruptcy Act 1966 by this Schedule apply in relation to:
(a) in the case of proposals put to creditors in a meeting - proposals put at a meeting where the requirement to hold the meeting arises on or after the commencement day; and
(b) in the case of proposals without meetings - proposals put to creditors on or after the commencement day.
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).