Insolvency - start of the second tranche of insolvency law reforms
Fri Sep 01 2017Tranche 2 of the Insolvency Law Reform Act 2016 (ILRA) commences on 1 September 2017 and includes Part 3 of the Insolvency Practice Schedule (Bankruptcy), comprising:
- Division 55 – Introduction (to Part 3)
- Division 60 – Remuneration and other benefits received by the trustee
- Division 65 – Funds handling
- Division 70 – Information
- Division 75 – Meetings of creditors
- Division 80 – Committees of inspection
- Division 85 – Directions by creditors
- Division 90 - Review of the administration of a regulated debtor’s estate