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 3   Application of Part 3 of the Insolvency Practice Schedule (Bankruptcy) and related consequential amendments

Subdivision H   Review of the administration of a regulated debtor's estate

162   Review of remuneration

Application of the Insolvency Practice Schedule (Bankruptcy)

(1) Reviews under Subdivision C of Division 90 of the Insolvency Practice Schedule (Bankruptcy) may be carried out whether or not:

(a) the remuneration is paid or payable; or

(b) the cost or expense is incurred or paid; or

(c) the funds were withdrawn or proposed to be withdrawn;

before, on or after the commencement day.

Old Act continues to apply in relation to ongoing reviews

(2) Subitems (3) and (4) apply if a review in accordance with regulations made for the purposes of subsection 167(1) of the old Act is started before the commencement day.

(3) Nothing in this Act affects:

(a) the review; or

(b) the powers of the Inspector-General in relation to the review; or

(c) any decisions made by the Inspector-General in relation to the review; or

(d) any requirement for a trustee to repay an amount of remuneration; or

(e) any appeal or review in relation to the review.

(4) The old Act continues to apply on and after the commencement day in relation to the review despite the amendments and repeals made by this Act.