INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)
Item No. |
Column 1 Provision of the Insolvency Practice Schedule (Corporations) |
Column 2 Rule |
Column 3 Description |
---|---|---|---|
1 |
section 20‑70(3) | |
Power to extend time to apply to ASIC for renewal of a liquidator's registration |
2 |
section 40‑5(4)(b) | |
Power to give a direction to a liquidator to lodge a document or give any information or document |
3 |
section 40‑10(4)(b) | |
Power to direct a liquidator: (a) to confirm to ASIC that information is complete and correct; or (b) to complete or correct information; or (c) to notify any persons specified by ASIC of any additional or corrected information |
4 |
section 45‑1(1) | |
Power to make orders in relation to a registered liquidator |
5 |
section 60‑10(1)(c) and (2)(b) |
9.2 |
Power to determine an external administrator's remuneration |
6 |
section 60‑ 11(3) |
9.2A |
Power to review a remuneration determination for an external administrator of a company |
7 |
section 60‑ 16(1) |
9.3 |
Power to determine a provisional liquidator's remuneration |
| | | |
8 |
section 65‑45 | |
Power to give directions regarding the handling of money and securities by an external administrator |
9 |
section 70‑ 35(3)(c) | |
Power to give directions in relation to destruction of the books of a company |
10 |
section 70‑90 | |
Power to order an external administrator to give relevant material to a person |
11 |
section 75‑ 41(3) | |
Power to make orders in relation to proposals considered at a meeting of creditors |
12 |
section 75‑ 42(4) | |
Power to order that a resolution passed at a meeting of creditors because of a casting vote be set aside or varied and make further orders or give further directions |
13 |
section 75‑43(4) | |
Power to order that a resolution considered at a meeting of creditors is taken to have been passed and make further orders or give further directions |
14 |
section 80‑50(2) | |
Power to approve a committee of inspection incurring expenses in obtaining advice or assistance |
15 |
section 80‑ 55(5)(b) | |
Power to give leave for a member of committee of inspection to derive a profit or advantage |
| | | |
16 |
section 90‑5(1) | |
Power to inquire into the external administration of a company |
17 |
sections 90‑5(2) and 90‑10(4) | |
Power to require an external administrator or former external administrator to give information, provide a report or produce a document |
18 |
section 90‑ 15 |
7.2 and 11.8 |
Power to make orders in relation to the external administration of a company, including the following: (a) determining a question or questions arising in the external administration; (b) that a person cease to be the external administrator; (c) that another registered liquidator be appointed; (d) in relation to the costs of an action (including court action) taken by the external administrator or another person in relation to the external administration; (e) in relation to any loss that the company has sustained because of a breach of duty by the external administrator; |
(f) in relation to remuneration, including requiring a person to repay to a company, or the creditors of a company, remuneration paid to the person as external administrator of the company | |||
19 |
sections 90‑ 23(6) and (9) | |
Power to appoint a registered liquidator to carry out a review into a matter that relates to the external administration of a company and to specify the matters which the liquidator is appointed to review and the way in which the cost of carrying out the review is to be determined |
20 |
section 90‑ 28 | |
Power to make orders in relation to a review by a reviewing liquidator on the application of the reviewing liquidator, a person with a financial interest in the external administration of the company or an officer of the company |
21 |
section 90‑ 35(6) | |
Power to order the reappointment of a former external administrator |
Sch. 2A inserted by S.R. No. 10/2015 rule 22, amended by S.R. No. 56/2018 rule 39.