Document ID: chunk:federal_register_of_legislation:C2016A00011:schedule:2:p2
Version: federal_register_of_legislation:C2016A00011
Segment Type: schedule
Provision Reference: sch 2 (pt 2/59)
Character Range: 11012–13862

administration return means the return required to be lodged under subsection 70‑5(2).
annual trustee return means the return required to be lodged under subsection 30‑1(1).
committee of inspection for a regulated debtor's estate means a committee appointed under sections 80‑10 to 80‑25 in relation to the administration of the estate.
creditor, when used in relation to a regulated debtor's estate, means a creditor of the estate.
current conditions: see section 5‑10.
end of an administration of a regulated debtor's estate means:
 (a) in the case of a bankruptcy—the day on which the bankrupt is discharged or the bankruptcy is annulled, whichever happens first; and
 (b) in the case of an administration under Part X—the day 3 years after the day on which a personal insolvency agreement made by the debtor for the administration of the debtor's estate took effect; and
 (c) in the case of an administration under Part XI—the day 3 years after the day on which the administration is taken to have commenced under section 247A.
financial interest: a person has a financial interest in the administration of a regulated debtor's estate in the circumstances set out in section 5‑30.
GST has the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999.
Insolvency Practice Rules means the rules made by the Minister under section 105‑1.
Insolvency Practice Schedule (Corporations) means Schedule 2 to the Corporations Act 2001, and includes rules made under section 105‑1 of that Schedule.
March quarter means the period of 3 months beginning on 1 January.
maximum default amount for a trustee of a regulated debtor's estate: see section 60‑15.
notified estate charge: see subsection 20‑75(7).
prescribed means prescribed by the Insolvency Practice Rules.
registered trustee means an individual who is registered as a trustee under Part 2 of this Schedule.
Register of Trustees means the register established and maintained by the Inspector‑General under section 15‑1.
regulated debtor: see section 5‑15.
regulated debtor's estate: see section 5‑16.
remuneration determination, for a trustee of a regulated debtor's estate, means a determination made:
 (a) under section 60‑10 or 60‑11 in relation to the trustee; and
 (b) in accordance with section 60‑12.
this Schedule includes the Insolvency Practice Rules.
trustee of a regulated debtor's estate: see section 5‑20 and 5‑25.

Subdivision C—Other definitions

5‑10  Meaning of current conditions
 (1) Each of the following is a current condition imposed on a registered trustee:
 (a) a condition that a committee decides that the registered trustee is to be subject to under subsection 20‑20(5) or (6), subject to any variation that a committee has decided should be made to the condition under section 20‑55;
 (b) a condition imposed on all registered trustees, or on registered