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 3   Application of Part 3 of the Insolvency Practice Schedule (Bankruptcy) and related consequential amendments

Subdivision B   General rules for Part 3

127   Application of Part 3 of the Insolvency Practice Schedule (Bankruptcy) - general rules

New administrations

(1) Part 3 of the Insolvency Practice Schedule (Bankruptcy) applies in relation to a new administration of a regulated debtor's estate.

Ongoing administrations

(2) Part 3 of the Insolvency Practice Schedule (Bankruptcy) applies in relation to an ongoing administration of a regulated debtor's estate in accordance with this Division.