Court may order administrator to make good loss caused by breach of duty
185ZCA Court may order administrator to make good loss caused by breach of duty
This section applies if, on application by:
the Inspector‑General; or
a creditor who is or has been a party to a debt agreement;
the Court is satisfied that a person who is or has been an administrator of the debt agreement has committed a breach of duty in relation to the debt agreement.
The Court may make any one or more of the following orders:
an order directing the person to make good any loss that a creditor has sustained because of the person’s breach of duty;
if the person is a registered debt agreement administrator—an order directing the Inspector‑General to cancel the person’s registration as a debt agreement administrator;
any other order that the Court considers just and equitable in the circumstances.
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