CORPORATIONS ACT 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS  

Division 80 - Committees of inspection  

CLAUSE 80-15   APPOINTMENT AND REMOVAL OF MEMBERS OF COMMITTEE OF INSPECTION BY CREDITORS GENERALLY  

80-15(1)  
The creditors of a company may, by resolution, appoint members of a committee of inspection in relation to the external administration of the company.

80-15(2)  
The creditors of a company may by resolution:


(a) remove a person appointed as a member of the committee under this section; and


(b) appoint another person to fill a vacancy in the office of a member of the committee of inspection appointed under this section.

80-15(3)  
A person is not entitled to vote on a resolution to appoint or remove a member of a committee of inspection under this section if:


(a) the person, acting either alone or with others, appoints a person as a member of the committee under section 80-20 ; or


(b) the person, acting either alone or with others, appoints a person as a member of the committee under section 80-25 .


 

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