Commonwealth Numbered Regulations

1996 No. 263 BANKRUPTCY REGULATIONS - REG 15.16

15.16. (1) This regulation applies where:

   (a)  a member of a committee convened to consider an application under
        subsection 154A (1) or 155E (1) of the Act:

        (i)    is a close relative of the applicant; or

        (ii)   has a financial or personal relationship with the applicant; or

   (b)  a member of a committee convened under subsection 155H (2) of the Act
        to consider whether a trustee should continue to be registered:

        (i)    is a close relative of the trustee; or

        (ii)   has a financial or personal relationship with the trustee.

(2) Where this regulation applies, the member must, as soon as practicable
after becoming aware of the identity of the applicant or trustee, disclose the
nature of the relationship to the other members of the committee and to the
Inspector-General.