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 D   Funds handling

140   Review of payments to third parties

Application of the Insolvency Practice Schedule (Bankruptcy)

(1) A review of a bill of costs for services in relation to the administration of a regulated debtor's estate may be carried out in accordance with rules made for the purposes of section 65-46 of the Insolvency Practice Schedule (Bankruptcy) whether or not the service was provided before, on or after the commencement day.

Old Act continues to apply in relation to ongoing reviews

(2) Subitems (3) and (4) apply if a review in accordance with regulations made for the purposes of subsection 167(2) of the old Act is started before the commencement day.

(3) Nothing in this Act affects:

(a) the review; or

(b) the powers of the Inspector-General in relation to the review; or

(c) any decisions made by the Inspector-General in relation to the review; or

(d) any appeal or review in relation to the review.

(4) The old Act continues to apply on and after the commencement day in relation to the review despite the amendments and repeals made by this Act.