Bankruptcy Amendment Regulations 2006 (No. 1) (4 of 2006)

Schedule 1   Amendments

[15]   Schedule 6, Part 2, item 15

substitute

15 After subsection 64ZC (5)

insert

(5A) An instrument appointing a proxy must include the following statements:

(a) a statement disclosing whether or not the proxy has received, or will receive, a financial incentive to vote in a particular way:

(i) on a particular matter or matters that may arise at a meeting to which the proxy relates; or

(ii) on a particular motion or motions that may be proposed at a meeting to which the proxy relates;

(b) a statement disclosing whether or not the creditor has received, or will receive, a financial incentive:

(i) to appoint the proxy; or

(ii) to direct the proxy as to the manner in which the proxy is to vote on a particular matter or matters that may arise, or on a particular motion or motions that may be proposed, at a meeting to which the proxy relates;

(c) if the proxy or creditor has received, or will receive, a financial incentive in relation to a matter mentioned in paragraph (a) or (b) - a statement specifying the amount of financial incentive paid or to be paid and the name of the person who paid, or is to pay, the financial incentive.