S 176 repealed by No 11 of 2016, s 3 and Sch 1 item 54, applicable in relation to the administration of regulated debtors
estates on and after 1 September 2017. S 176 formerly read:
SECTION 176 COURT MAY ORDER TRUSTEE TO MAKE GOOD LOSS CAUSED BY BREACH OF DUTY
Where, on application by the Inspector-General or by a creditor who has or had a debt provable in the bankruptcy, the Court is satisfied that a person who is or has been a trustee of a bankrupt
s estate has been guilty (whether before or after the commencement of this section) of breach of duty in relation to the bankrupt
s estate or affairs, subsection (2) applies.
S 176(1) substituted by No 12 of 1980, s 91; No 119 of 1987, s 57(1).
The Court may make any one or more of the following orders:
an order directing the person to make good any loss that the bankrupt
s estate has sustained because of the person
s breach of duty;
if the person is a registered trustee
an order directing the Inspector-General to cancel the person
s registration as a trustee;
any other order that the Court considers just and equitable in the circumstances.