40-50
CurrentInspector‑General may refer matters to the committee
Schedule 2Insolvency Practice Schedule (Bankruptcy)
Part 2Registering and disciplining practitioners
Division 40Disciplinary and other action
Subdivision EDisciplinary action by committee
40-50 Inspector‑General may refer matters to the committee
The Inspector‑General may refer a registered trustee to a committee convened under section 40‑45 if the Inspector‑General:
(a)
gives the trustee a notice under section 40‑40 (a show‑cause notice); and
(b)
either:
(i)
does not receive an explanation within 20 business days after the notice is given; or
(ii)
is not satisfied by the explanation.
This Act’s bill:Second reading speech
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