Insolvency Law Reform Act 2016 (11 of 2016)

Schedule 1   Amendments relating to the Insolvency Practice Schedule (Bankruptcy)

Part 3   Transition to the Insolvency Practice Schedule (Bankruptcy)

Division 2   Application of Part 2 of the Insolvency Practice Schedule (Bankruptcy) and related consequential amendments

Subdivision A   Registering trustee

109   Current conditions for old Act registrants - conditions under the old Act

Conditions under the old Act

(1) If:

(a) a condition applies to an old Act registrant's practice as a registered trustee under section 155E, 155F or 155I of the old Act; and

(b) that condition is still in force immediately before the commencement day;

that condition (including any modifications under section 155F or 155I of the old Act) is a current condition imposed on the old Act registrant.

Varying etc. conditions of registration

(2) Subdivision C of Division 20 of the Insolvency Practice Schedule (Bankruptcy) applies to a condition imposed under subitem (1) in the same way as it applies to a condition imposed by a committee under that Schedule.