BANKRUPTCY ACT 1966

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (BANKRUPTCY)  

Note: See section 4A .

PART 3 - GENERAL RULES RELATING TO ESTATE ADMINISTRATIONS  

Division 80 - Committees of inspection  

SECTION 80-35   FUNCTIONS OF COMMITTEE OF INSPECTION  

80-35(1)  
A committee of inspection has the following functions:


(a) to advise and assist the trustee of the regulated debtor ' s estate;


(b) to give directions to the trustee of the regulated debtor ' s estate;


(c) to monitor the conduct of the administration of the estate;


(d) such other functions as are conferred on the committee by this Act;


(e) to do anything incidental or conducive to the performance of any of the above functions.

80-35(2)  
The trustee of a regulated debtor ' s estate must have regard to any directions given to the trustee by the committee of inspection, but the trustee is not required to comply with such directions.

80-35(3)  
If the trustee of a regulated debtor ' s estate does not comply with a direction, the trustee must make a written record of that fact, along with the trustee ' s reasons for not complying with the direction.




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