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 D   Cancellation by the Inspector-General under the old Act

115   Request for cancellation made before the commencement day

(1) This item applies if:

(a) before the commencement day, a person gives the Inspector-General under section 155G of the old Act a written request that the person cease to be registered as a trustee; and

(b) no decision by the Inspector-General to accept the request has come into effect before the commencement day.

(2) The Inspector-General may not accept the request under section 155G of the old Act.

(3) However, for the purposes of paragraph 40-30(1)(g) of the Insolvency Practice Schedule (Bankruptcy), the person is taken to have lodged a request with the Inspector-General in the approved form to have the person's registration as a trustee under that Schedule cancelled.

(4) The repeal of section 155G of the old Act by this Schedule applies in relation to requests made to the Inspector-General under section 155G on or after the commencement day.