Document ID: chunk:federal_register_of_legislation:C2016A00011:schedule:2:p50
Version: federal_register_of_legislation:C2016A00011
Segment Type: schedule
Provision Reference: sch 2 (pt 50/59)
Character Range: 134329–137115

not required to comply with such directions.
 (3) If the trustee of a regulated debtor's estate does not comply with a direction, the trustee must make a written record of that fact, along with the trustee's reasons for not complying with the direction.

80‑40  Committee of inspection may request information etc.
 (1) A committee of inspection may request the trustee of a regulated debtor's estate to:
 (a) give information; or
 (b) provide a report; or
 (c) produce a document;
to the committee.
 (2) The trustee must comply with the request unless:
 (a) the information, report or document is not relevant to the administration of the regulated debtor's estate; or
 (b) the trustee would breach his or her duties in relation to the administration of the regulated debtor's estate if the trustee complied with the request; or
 (c) it is otherwise not reasonable for the trustee to comply with the request.
 (3) The Insolvency Practice Rules may prescribe circumstances in which it is, or is not, reasonable for a trustee to comply with a request of a kind mentioned in subsection (1).

80‑45  Reporting to committee of inspection
 (1) The Insolvency Practice Rules may provide for and in relation to the obligations of trustees of regulated debtors' estates:
 (a) to give information; and
 (b) to provide reports; and
 (c) to produce documents;
to committees of inspection.
 (2) Without limiting subsection (1), the Insolvency Practice Rules may provide for and in relation to:
 (a) other circumstances in which the trustee must give information, provide a report or produce a document to a committee of inspection; and
 (b) the manner and form in which information is to be given, a report provided or a document produced; and
 (c) the timeframes in which information is to be given, a report provided or a document produced; and
 (d) who is to bear the cost of giving information, providing a report or producing a document.
 (3) The Insolvency Practice Rules may:
 (a) make different provision in relation to different classes of regulated debtor, or regulated debtor's estates; and
 (b) provide that specified requirements imposed under the Insolvency Practice Rules may be replaced or modified, by resolution, by:
 (i) the creditors; or
 (ii) the committee of inspection.

80‑50  Committee of inspection may obtain specialist advice or assistance
 (1) A committee of inspection may resolve that a member of the committee obtain, on behalf of the committee, such advice or assistance as the committee considers desirable in relation to the conduct of the administration of the regulated debtor's estate.
 (2) The committee of inspection must obtain the approval of the trustee of the regulated debtor's estate or the Court before expenses are incurred in obtaining the advice or