Commonwealth Consolidated Regulations

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INSOLVENCY PRACTICE RULES (BANKRUPTCY) 2016 - RULE 42.225

Report to creditors

    A registered trustee's report under section   189A of the Act must also include the following:

  (a)   information about each matter mentioned in subsection   188A(2) of the Act;

  (b)   the basis on which the regulated debtor's property has been valued;

  (c)   the kind of investigations the controlling trustee has carried out and whether any other matters need to be investigated;

  (d)   the reasons for the registered trustee's opinion about whether creditors' interests would be better served by accepting the debtor's proposal for dealing with the debtor's affairs under Part   X of the Act or by the bankruptcy of the debtor.



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