Commonwealth Numbered Acts

BANKRUPTCY AMENDMENT ACT 1987 No. 119 of 1987 - SECT 64

64. (1) After section 189 of the Principal Act the following sections are
inserted: Trustee to prepare report

"189A. (1) Within 14 days after consenting to exercise the powers conferred by
an authority under section 188, a registered trustee shall prepare, and file
in the office of the Registrar, a report in writing that complies with this
section.

"(2) The report shall:

   (a)  summarise and comment on the debtor's affairs as disclosed in the
        statement given under subparagraph 188 (2) (c) (i); and

   (b)  set out such other information relevant to those affairs as is
        available to the trustee and is necessary to give a true and fair view
        of those affairs.

"(3) The report shall state whether or not, in the trustee's opinion, it would
be in the best interests of the debtor's creditors to deal under this Part
with the debtor's affairs in the manner indicated in the statement given under
subparagraph 188 (2) (c) (ii). Trustee or solicitor to prepare statement about
possible resolution

"189B. A registered trustee who has consented to exercise the powers conferred
by, or a solicitor who has consented to call a meeting of creditors under, an
authority under section 188 shall prepare a statement in writing containing
the prescribed information about each matter that may reasonably be expected
to be dealt with or specified in a resolution by the debtor's creditors under
section 204 passed at a meeting called under that authority.".

(2) The sections inserted in the Principal Act by subsection (1) apply as
provided in subsection 106 (2) of this Act.