Document ID: chunk:federal_register_of_legislation:C2016A00011:schedule:2:p53
Version: federal_register_of_legislation:C2016A00011
Segment Type: schedule
Provision Reference: sch 2 (pt 53/71)
Character Range: 355384–358129

at the meeting; and
 (b) is taken to have taken effect:
 (i) if the order specifies a time when the proposed resolution is taken to have taken effect—at that time, even if it is earlier than the making of the order; or
 (ii) otherwise—on the making of the order.

75‑44  Interim order on application under section 75‑41, 75‑42 or 75‑43
 (1) If:
 (a) an application under section 75‑41, 75‑42 or 75‑43 has not yet been determined; and
 (b) the Court is of the opinion that it is desirable to do so;
the Court may make such interim orders as it thinks fit
 (2) An interim order must be expressed to apply until the application is determined, but may be varied or discharged.

75‑45  Order under section 75‑41 or 75‑42 does not affect act already done pursuant to resolution
  An act done pursuant to a resolution as in force before the making, under section 75‑41 or 75‑42, of an order setting aside or varying the resolution is as valid and binding on and after the making of the order as if the order had not been made.

75‑50  Rules relating to meetings
 (1) The Insolvency Practice Rules may provide for and in relation to meetings concerning companies under external administration.
 (2) Without limiting subsection (1), the Insolvency Practice Rules may provide for and in relation to:
 (a) the circumstances in which meetings must or may be convened; and
 (b) notice for convening meetings; and
 (c) agenda; and
 (d) information to be given in connection with meetings; and
 (e) who is to preside at meetings; and
 (f) the number of creditors or contributories required to constitute a quorum; and
 (g) proxies and attorneys; and
 (h) motions; and
 (i) voting (including casting votes); and
 (j) the circumstances in which a resolution must or may be put to creditors or contributories in a meeting; and
 (k) the circumstances in which a resolution or a special resolution put to creditors or contributories in a meeting is passed; and
 (l) facilities, including electronic communication facilities, to be available at meetings; and
 (m) minutes; and
 (n) costs in relation to meetings and security for those costs.

Division 80—Committees of inspection

80‑1  Simplified outline of this Division

      Creditors of a company under external administration may decide that there is to be a committee of inspection to monitor the administration and to give assistance to the external administrator.
      Appointing the committee
      Each of the following have rights to appoint members to the committee (and to remove those members and fill the vacancy):
             (a) the creditors by resolution;
             (b) a single creditor who is owed, or a group of creditors who together are owed, a large amount;
             (c) a single