BANKRUPTCY ACT 1966

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (BANKRUPTCY)  

Note: See section 4A .

PART 1 - INTRODUCTION  

Division 5 - Definitions  

Subdivision C - Other definitions  

SECTION 5-10   MEANING OF CURRENT CONDITIONS  

5-10(1)  
Each of the following is a current condition imposed on a registered trustee:


(a) a condition that a committee decides that the registered trustee is to be subject to under subsection 20-20(5) or (6) , subject to any variation that a committee has decided should be made to the condition under section 20-55 ;


(b) a condition imposed on all registered trustees, or on registered trustees of the trustee ' s class, under section 20-35 ;


(c) a condition imposed under subsection 40-15(2) (direction not to accept further appointments);


(d) a condition that a committee decides that the registered trustee is to be subject to under paragraph 40-55(1)(f) or (g) (conditions as a result of disciplinary action), subject to any variation that a committee has decided should be made to the condition under section 20-55 ;


(e) a condition imposed on the registered trustee by the Court under section 45-1 .

5-10(2)  
However, the current conditions imposed on a registered trustee do not include:


(a) a condition that a committee has decided to remove under section 20-55 ; or


(b) a condition that is removed under subsection 40-15(4) (condition removed because a direction not to accept further appointments has been withdrawn); or


(c) a condition that the Court has ordered be removed under section 45-1 .




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