Document ID: chunk:federal_register_of_legislation:C2005C00495:clause:2_73b
Version: federal_register_of_legislation:C2005C00495
Segment Type: clause
Provision Reference: sch 2 cl 73B
Character Range: 83383–84291

73B  Declaration of relationships by proposed trustee of composition or scheme of arrangement

 (1) This section applies if the proposal provides that a person (the proposed trustee) other than the trustee of the bankrupt's estate is to become the trustee of the composition or scheme of arrangement.

 (2) The proposed trustee must make a written declaration stating whether the bankrupt is a related entity of:
 (a) the proposed trustee; or
 (b) a related entity of the proposed trustee.

 (3) The proposed trustee must:
 (a) give a copy of the declaration to the Official Receiver; and
 (b) give a copy of the declaration to the trustee of the bankrupt's estate; and
 (c) keep a copy of the declaration.

 (4) The trustee of the bankrupt's estate must give a copy of the declaration to each of the creditors at the same time as the trustee gives a copy of the subsection 73(2) report to each creditor.