Commonwealth Consolidated Regulations

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INSOLVENCY PRACTICE RULES (BANKRUPTCY) 2016 - RULE 75.70

Proposed resolutions and amendments of proposed resolutions

  (1)   The trustee must invite the persons participating and entitled to vote at a meeting to propose any relevant resolutions.

  (2)   The only persons who may propose resolutions, or amendments of proposed resolutions, at a meeting are:

  (a)   the trustee; and

  (b)   the persons participating and entitled to vote at the meeting.

  (3)   A proposed resolution or amendment does not need to be seconded.

  (4)   If a resolution is proposed, the trustee must allow a reasonable time for debate on the proposed resolution and on any amendment to the proposed resolution.

  (5)   After a reasonable time for debate has elapsed, the trustee must:

  (a)   if no amendment has been proposed--put the proposed resolution to a vote; or

  (b)   if an amendment or amendments have been proposed, put the amendment or amendments to a vote; and

  (i)   if the amendment or amendments are defeated--put the resolution as originally proposed to a vote; or

  (ii)   if an amendment or amendments are passed--put the proposed resolution as amended to a vote.



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