Document ID: chunk:federal_register_of_legislation:C2025C00185:schedule:2:p57
Version: federal_register_of_legislation:C2025C00185
Segment Type: schedule
Provision Reference: sch 2 (pt 57/73)
Character Range: 6455787–6458350

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 votes on a resolution to appoint or remove a member of the committee under section 80‑15; or
 (b) the employee, acting either alone or with others, appoints a member of the committee under subsection 80‑20(1); or
 (c) the employee, acting either alone or with others, has already appointed a member of the committee under subsection (1) of this section.
 (4) In this section:
employee of a company has the same meaning as in Part 5.8A.
entitlements of an employee of a company has the same meaning as in Part 5.8A.

80‑26  Committee of inspection—pooled groups

Application of this section
 (1) This section applies if each company that is a member of a pooled group is being