Document ID: chunk:federal_register_of_legislation:F2022C00672:body:0:p51
Version: federal_register_of_legislation:F2022C00672
Segment Type: other
Provision Reference: 
Character Range: 126842–129503

time appoint.
 (4) If a committee of inspection is appointed as a result of a determination of the creditors of the regulated debtor's estate under section 80‑10 of the Insolvency Practice Schedule (Bankruptcy), the trustee or a member of the committee may convene a meeting of the committee.
 (5) A committee of inspection may act by a majority of its members present at a meeting, but must not act unless a majority of its members are present.
 (6) If a member of the committee is a body corporate, the member may be represented at meetings of the committee by an individual authorised in writing by the member for the purposes of this subsection.

80‑10  Resignation, removal and vacancies
 (1) This section is made for the purposes of subsection 80‑30(2) of the Insolvency Practice Schedule (Bankruptcy).
 (2) A member of a committee of inspection may resign by notice in writing signed by the member and delivered to the trustee of the regulated debtor's estate.
 (3) The office of a member of a committee of inspection becomes vacant if the member:
 (a) becomes an insolvent under administration; or
 (b) is absent from 5 consecutive meetings of the committee without the leave of those members who together with himself or herself represent the creditors.
 (4) A member of the committee of inspection may be removed by a resolution at a meeting of creditors of which 5 business days' notice has been given stating the object of the meeting.
 (5) If:
 (a) there is a vacancy in the membership of a committee of inspection; and
 (b) there are at least 2 remaining members of the committee;
the remaining members may continue to act despite the vacancy and may appoint a person to fill the vacancy.
 (6) If:
 (a) there is a vacancy in the membership of a committee of inspection; and
 (b) there are less than 2 remaining members of the committee;
one or more creditors may request the trustee to convene a meeting of creditors to fill the vacancy and the trustee must convene a meeting accordingly.

80‑15  Reasonable requests for information etc.
 (1) This section is made for the purposes of section 80‑40 of the Insolvency Practice Schedule (Bankruptcy).

Unreasonable requests
 (2) It is not reasonable for the trustee of a regulated debtor's estate to comply with a request to give information, provide a report or produce a document to the committee of inspection if the trustee, acting in good faith, is of the opinion that:
 (a) complying with the request would substantially prejudice the interests of one or more creditors or a third party and that prejudice outweighs the benefits of complying with the request; or
 (b) the information, report or