Bankruptcy Regulations 1996
(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. |
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
