Document ID: chunk:federal_register_of_legislation:F2022C01140:body:0:p53
Version: federal_register_of_legislation:F2022C01140
Segment Type: other
Provision Reference: 
Character Range: 145397–148476

cost of complying with the request; and
           (b) if required to do so by the external administrator—security for the cost of complying with the request is given to the external administrator before the request is complied with.

       80‑20  Time for complying with reasonable requests

        (1) This section is made for the purposes of section 80‑45 of the Insolvency Practice Schedule (Corporations).

        (2) Subject to subsections (3) and (5), if a request for information or a report or document is made by a committee of inspection under section 80‑40 of the Insolvency Practice Schedule (Corporations), the external administrator must give the information, report or document within:
           (a) 5 business days after receiving the request; or
           (b) such later period as agreed with the committee of inspection.

        (3) If the external administrator is reasonably satisfied that, due to the nature of the request, an extension of time is required to comply with it, the external administrator may, by written notice, extend the period for compliance.

        (4) The notice must:
           (a) be given to the committee of inspection; and
           (b) specify the period within which the request will be complied with; and
           (c) specify the reasons for the extension.

        (5) This section does not apply if, under the Act or these Rules, it is not reasonable for the external administrator to comply with the request.

       80‑25  Notice requirements for unreasonable requests

        (1) This section applies if:
           (a) a request for information or a report or document is made by a committee of inspection under section 80‑40 of the Insolvency Practice Schedule (Corporations); and
           (b) under the Act or these Rules, it is not reasonable for the external administrator to comply with the request.

        (2) The external administrator must:
           (a) notify the committee of inspection that it is not reasonable for the external administrator to comply with the request, 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 (Corporations) of the fact that the request was not complied with, and of the reasons.

       Division 90—Review of the external administration of a company

       90‑1  Authority

         Unless otherwise stated, a provision of this Division is made for the purposes of section 90‑29 of the Insolvency Practice Schedule (Corporations).

       90‑4  Appointment of reviewing liquidator by creditors etc.

        (1) This section is made for the purposes of paragraph 90‑24(6)(a) of the Insolvency Practice Schedule (Corporations).

        (2) An agreement to appoint a registered liquidator under subsection 90‑24(4) of the Insolvency Practice Schedule (Corporations) must be in writing.

       90‑7  Limits on reviewing remuneration, costs and expenses

        (1) This section is made for the purposes of subsection 90‑26(4) of the