Insolvency Law Reform Act 2016 (11 of 2016)

Schedule 1   Amendments relating to the Insolvency Practice Schedule (Bankruptcy)

Part 3   Transition to the Insolvency Practice Schedule (Bankruptcy)

Division 2   Application of Part 2 of the Insolvency Practice Schedule (Bankruptcy) and related consequential amendments

Subdivision F   Suspension, cancellation and disciplinary action under the Insolvency Practice Schedule (Bankruptcy)

122   Show-cause notice under the Insolvency Practice Schedule (Bankruptcy)

(1) Subdivision E of Division 40 of the Insolvency Practice Schedule (Bankruptcy) applies whether or not an event mentioned in subsection 40-40(1) of the Schedule occurs before, on or after the commencement day.

(2) However, in relation to an event that occurs before the commencement day, paragraph 40-40(1)(p) of the Insolvency Practice Schedule (Bankruptcy) has effect as if the reference in that paragraph to "a standard prescribed for the purposes of subsection (4)" was a reference instead to "a standard prescribed by regulations made for the purpose of subsection 155H(5) of the old Act".