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 80-40   COMMITTEE OF INSPECTION MAY REQUEST INFORMATION ETC.  

80-40(1)  
A committee of inspection may request the external administrator of a company to:


(a) give information; or


(b) provide a report; or


(c) produce a document;

to the committee.

80-40(2)  
The external administrator must comply with the request unless:


(a) the information, report or document is not relevant to the external administration of the company; or


(b) the external administrator would breach his or her duties in relation to the external administration of the company if the external administrator complied with the request; or


(c) it is otherwise not reasonable for the external administrator to comply with the request.

80-40(3)  
The Insolvency Practice Rules may prescribe circumstances in which it is, or is not, reasonable for an external administrator of a company to comply with a request of a kind mentioned in subsection (1).


 

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