Document ID: chunk:federal_register_of_legislation:C2005C00495:clause:1_126
Version: federal_register_of_legislation:C2005C00495
Segment Type: clause
Provision Reference: sch 1 cl 126
Character Range: 38244–39701

126  At the end of section 215A
Add:

 (3) Before a resolution is passed at a meeting of creditors that nominates one or more persons under subsection 204(3) to be a trustee or trustees:
 (a) the person or each of those persons must make a written declaration stating whether the debtor is a related entity of:
 (i) the person concerned; or
 (ii) a related entity of the person concerned; and
 (b) the person or each of those persons must:
 (i) give his or her declaration to the controlling trustee; and
 (ii) keep a copy of his or her declaration; and
 (c) the controlling trustee must table at the meeting a copy of each declaration given to the controlling trustee; and
 (d) the controlling trustee must give a copy of each such declaration to each of the creditors at the same time as the controlling trustee gives a copy of the subsection 189A(1) report to each creditor.

 (4) Before a resolution is passed at a meeting of creditors that appoints a person under subsection 220(1) to a vacant office of trustee of a personal insolvency agreement:
 (a) the person must make a written declaration stating whether the debtor is a related entity of:
 (i) the person; or
 (ii) a related entity of the person; and
 (b) the person must:
 (i) give his or her declaration to the person presiding at the meeting; and
 (ii) keep a copy of his or her declaration; and
 (c) the person presiding at the meeting must table at the meeting a copy of the declaration.