Commonwealth Consolidated Regulations

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BANKRUPTCY REGULATIONS 2021 - REG 17

Prescribed modifications of applied provisions

    For the purposes of subsection   50(5) of the Act, section   81 of the Act is modified as follows:

  (a)   by omitting from subsection   (2) "An" and substituting "Subject to subsection   (2A), an";

  (b)   by inserting after subsection   (2) the following subsection:

  "(2A)   The Court or a magistrate may direct that an examination, or any part of an examination, under this section shall be held in private.";

  (c)   by omitting from subsection   (9) "is the trustee" and substituting "has been directed to take control of the property of the relevant person";

  (d)   by omitting subsection   (10A);

  (e)   by omitting subsection   (14) and substituting the following subsections:

  "(14)   Subject to subsection   (14A), the applicant for an examination under this section is to pay the costs incurred in connection with the examination.

  (14A)   The Court or a magistrate may order that all or some of the costs mentioned in subsection   (14) are to be paid by the relevant person.".



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