Document ID: chunk:federal_register_of_legislation:C2016A00011:schedule:2:p55
Version: federal_register_of_legislation:C2016A00011
Segment Type: schedule
Provision Reference: sch 2 (pt 55/71)
Character Range: 360372–362923

the committee under this section; and
 (b) appoint another person to fill a vacancy in the office of a member of the committee of inspection appointed under this section.
 (3) A person is not entitled to vote on a resolution to appoint or remove a member of a committee of inspection under this section if:
 (a) the person, acting either alone or with others, appoints a person as a member of the committee under section 80‑20; or
 (b) the person, acting either alone or with others, appoints a person as a member of the committee under section 80‑25.

80‑20  Appointment of committee member by large creditor
 (1) A creditor representing at least 10% in value of the creditors, or a group of creditors who together represent at least 10% in value of the creditors, of a company may appoint a person as a member of a committee of inspection in relation to the external administration of the company.
 (2) If a creditor or a group of creditors appoints a person as a member of a committee of inspection under this section, the creditor or group of creditors may:
 (a) remove the person as a member of the committee; and
 (b) appoint another person to fill a vacancy in the office of that member of the committee.
 (3) A creditor, acting either alone or with others, is not entitled to appoint a person as a member of a committee of inspection under subsection (1) if:
 (a) the creditor votes on a resolution to appoint or remove a member of the committee under section 80‑15; or
 (b) the creditor, acting either alone or with others, appoints a member of the committee under subsection 80‑25(1); or
 (c) the creditor, acting either alone or with others, has already appointed a member of the committee under subsection (1) of this section.

80‑25  Appointment of committee member by employees
 (1) Either:
 (a) an employee of the company; or
 (b) employees of the company;
representing at least 50% in value of entitlements owed to or in respect of employees by the company may appoint a person as a member of the committee of inspection to represent the employees.
 (2) If an employee or a group of employees appoints a person as a member of a committee of inspection under this section, the employee or group of employees may:
 (a) remove the person as a member of the committee; and
 (b) appoint another person to fill a vacancy in the office of that member of the committee.
 (3) An employee, acting either alone or with others, is not entitled to appoint a person as a member of a committee of inspection under subsection (1) if:
 (a) the employee