Document ID: chunk:federal_register_of_legislation:C2025C00167:schedule:2:p26
Version: federal_register_of_legislation:C2025C00167
Segment Type: schedule
Provision Reference: sch 2 (pt 26/95)
Character Range: 929196–932155

if the information or document:
 (a) is used or disclosed by the person for the purposes of exercising powers or performing functions as a member of the committee mentioned in subsection (1); or
 (b) is disclosed:
 (i) to ASIC to assist ASIC to exercise its powers or perform its functions under Chapter 5 of the Corporations Act 2001 or the Insolvency Practice Schedule (Corporations); or
 (ii) to a committee convened under Part 2 of the Insolvency Practice Schedule (Corporations) to assist the committee to exercise its powers or perform its functions under that Part; or
 (iii) to another committee convened under this Part to assist the committee to exercise its powers or perform its functions under this Part; or
 (iv) to enable or assist a body prescribed for the purposes of this paragraph to perform its disciplinary function in relation to its members; or
 (v) in order to enable or assist an authority or person in a State or Territory, or a foreign country, to perform or exercise a function or power that corresponds, or is analogous, to any of the committee's or the Inspector‑General's functions and powers; or
 (vi) to a court or tribunal in relation to proceedings before the court or tribunal.
Note 1: A defendant bears an evidential burden in relation to the matter in subsection (2) (see subsection 13.3(3) of the Criminal Code).
Note 2: Chapter 5 of the Corporations Act 2001 deals with external administration of companies.

Part 3—General rules relating to estate administrations

Division 55—Introduction

55‑1  Simplified outline of this Part

      This Part sets out requirements for conducting the administration of a regulated debtor's estate.
      The main provisions deal with:
             (a) the remuneration of the trustee; and
             (b) the duties of the trustee in handling the money and other property of the estate; and
             (c) conflicts of interest; and
             (d) the duties of the trustee to keep appropriate records, to report to the Inspector‑General and to give information, documents and reports to creditors and others; and
             (e) creditor meetings; and
             (f) the creation and conduct of a committee to monitor the administration (called a committee of inspection); and
             (g) the rights of creditors to review the administration; and
             (h) the rights of creditors to remove the trustee and appoint another; and
             (i) the review of the administration by the Court.
      There are additional rules that apply to the administration of a regulated debtor's estate (for example, about appointment of the trustee) in this Act.

Division 60—Remuneration and other benefits received by the trustee

Subdivision A—Introduction

60‑1  Simplified outline of this Division

      Remuneration
      The trustee of a regulated debtor's estate is entitled to receive remuneration for necessary work properly performed by the trustee in relation