Commonwealth Consolidated Regulations

INSOLVENCY PRACTICE RULES (BANKRUPTCY) 2016 - RULE 50.95

  (1)   This section applies if a Part   2 committee is required to give a report under one of the following provisions of the Insolvency Practice Schedule (Bankruptcy):

  (a)   section   20 - 25 (registration);

  (b)   section   20 - 60 (varying etc. conditions of registration);

  (c)   section   40 - 60 (disciplinary action);

  (d)   section   40 - 90 (lifting or shortening suspension).

  (2)   The committee must prepare the report in writing.

  (3)   The report must include a statement of the reasons of any minority in the decision.

  (4)   Each member of the committee must sign the report.