Document ID: chunk:federal_register_of_legislation:F2022C00672:body:0:p49
Version: federal_register_of_legislation:F2022C00672
Segment Type: other
Provision Reference: 
Character Range: 121876–124629

a meeting is also reasonable if:
 (a) the creditors agree to bear the cost of complying with the direction; and
 (b) if required to do so by the trustee—security for the cost of complying with the direction is given to the trustee before the meeting is convened.

75‑255  Notice requirements for unreasonable directions
 (1) This section is made for the purposes of section 75‑15 of the Insolvency Practice Schedule (Bankruptcy) and applies if:
 (a) a direction to convene a meeting of the creditors is given to the trustee of a regulated debtor's estate under Division 75 of the Insolvency Practice Schedule (Bankruptcy); and
 (b) under the Act or these Rules, it is not reasonable for the trustee to comply with the direction.
 (2) The trustee must:
 (a) notify the person or body giving the direction that it is not reasonable for the trustee to comply with the direction, and of the reasons why it is not reasonable; and
 (b) make a written record in the books required to be kept under section 70‑10 of the Insolvency Practice Schedule (Bankruptcy) of the fact that the direction was not complied with, and of the reasons.

75‑260  Duties of trustee when presiding at meeting
  When presiding at a meeting of creditors, the trustee must:
 (a) ensure that proper meeting procedures are followed; and
 (b) ensure that the requirements relating to meetings set out in the Act, the regulations and these Rules are complied with; and
 (c) ensure that all persons attending the meeting who are entitled to ask questions of the trustee, the regulated debtor or, in the case of a deceased debtor, the legal personal representative of the regulated debtor are given an opportunity to do so; and
 (d) take reasonable steps to establish whether there is sufficient evidence to support a creditor's statement under section 75‑80 in relation to the amount of liability of the regulated debtor to the creditor.

75‑265  Requirements relating to meetings to remove trustee of a regulated debtor's estate
 (1) This section applies if the creditors, by resolution at a meeting, propose to:
 (a) remove the trustee (the outgoing trustee) of a regulated debtor's estate; and
 (b) appoint another person (the incoming trustee) as the trustee of the regulated debtor's estate;
under section 90‑35 of the Insolvency Practice Schedule (Bankruptcy).

Information required before the meeting
 (2) The incoming trustee must prepare a written declaration:
 (a) stating whether any of the following:
 (i) the incoming trustee;
 (ii) if the incoming trustee's firm (if any) is a partnership—a partner in that partnership;
 (iii) if the incoming trustee's firm (if any) is a body corporate—that body corporate or an associate of that body corporate;
  has, or has had within the