Document ID: chunk:federal_register_of_legislation:F2022C00672:body:0:p43
Version: federal_register_of_legislation:F2022C00672
Segment Type: other
Provision Reference: 
Character Range: 107391–109899

replies to the notice are received by the trustee within the time specified in the notice (the responding creditors) vote Yes; and
 (b) at least 75% in value of the responding creditors vote Yes; and
 (d) if the resolution relates to paragraph 109(1)(j) of the Act—the notice contained a copy of the proposed resolution.
 (3) The time specified for the purposes of paragraph (2)(c) must be at least 15 business days after the day the notice is given.
 (4) For the purposes of subsection (2), a creditor is not to be counted as a responding creditor unless:
 (a) the creditor has submitted particulars of his or her debt or claim to the trustee on or before the creditor replies to the notice; and
 (b) the trustee has admitted the proof of debt or claim, including the amount, for the purposes of voting.
 (4A) For the purposes of paragraph (2)(b), the value of a responding creditor who:
 (a) is a related entity of the regulated debtor; and
 (b) has been assigned a debt;
is to be worked out by taking the value of the assigned debt to be equal to the value of the consideration that the creditor gave for the assignment of the debt.
 (5) If subsection (2) does not apply, the special resolution is not passed.
 (6) The trustee must make a written record of the outcome of the proposal in the books required to be kept under section 70‑10 of the Insolvency Practice Schedule (Bankruptcy).

75‑140  Adjournment of meetings of creditors
 (1) A meeting of creditors may be adjourned from time to time and from place to place:
 (a) by resolution; or
 (b) by the trustee of the regulated debtor's estate.
 (2) The meeting must not be adjourned to a day that is more than 15 business days after the first day on which the original meeting was held.
 (2A) However, subsection (2) does not apply to a meeting called under section 188 of the Act.
 (3) Unless otherwise provided by the resolution by which it is adjourned, the adjourned meeting must be held at the same place as the original meeting.
 (4) The trustee must immediately give notice of the adjournment to the persons to whom notice of the meeting must be given under section 75‑10.
 (5) If a meeting is adjourned to a day more than 6 business days after the passing of the resolution by which it is adjourned, the trustee must give notice of the day, time and place of the resumption of the meeting to the creditors at least 5 business days before that day.
 (6) A resolution passed at a meeting resumed after an adjournment is passed on the day it was