Bankruptcy Amendment Regulations 2006 (No. 2) (137 of 2006)

Schedule 1   Amendments

[13]   Schedule 2, item 11A

substitute

11A After subsection 64ZC (5)

insert

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

(a) 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; and

(b) if the proxy or creditor has received, or will receive, a financial incentive in relation to a matter mentioned in paragraph (a) - 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.