Commonwealth Numbered Acts

BANKRUPTCY AMENDMENT ACT 1985 No. 21 of 1985 - SECT 4

4. Section 12 of the Principal Act is amended-

   (a)  by omitting paragraph (1) (b) and substituting the following
        paragraphs:



"(b) may make such inquiries and investigations as the Inspector-General
thinks fit with respect to the administration of, or the conduct of a trustee
in relation to-

        (i)    a bankruptcy;

        (ii)   a composition or scheme of arrangement under Division 6 of Part
               IV;

        (iii)  a deed of assignment, deed of arrangement or composition under
               Part X;

        (iv)   an administration under Part XI; or

        (v)    property in relation to which a direction has been given under
               sub-section 50 (1);

   (ba) may make such inquiries and investigations as the Inspector-General
        thinks fit with respect to the conduct, trade dealings, property and
        affairs of-
         (i)   a bankrupt;


        (ii)   a bankrupt or debtor under a composition or scheme of
               arrangement under Division 6 of Part IV; or

        (iii)  a debtor under a deed of assignment, deed of arrangement or
               composition under Part X; and";
(b) by inserting in paragraph (1) (c) "and from registered trustees" after
"officers";

   (c)  by inserting after sub-section (1) the following sub-sections:



"(1A) Where the Inspector-General requests a registered trustee, for the
purposes of sub-section (1), to provide a report as to the operation of this
Act, the registered trustee shall forthwith provide the report requested.



"(1B) Where the Inspector-General makes an inquiry or investigation referred
to in paragraph (1) (b) or (ba), the Inspector-General shall file with the
Registrar a report setting out the results of the inquiry or investigation and
may file such supplementary reports as the Inspector-General thinks fit.";

   (d)  by omitting from paragraph (2) (b) "and"; and

   (e)  by adding at the end of sub-section (2) the following word and
        paragraph:



"; and (d) appoint an Official Receiver, in writing, to conduct an inquiry or
investigation on behalf of the Inspector-General.".