70-20
CurrentAudit of administration books—on order of the Court
Schedule 2Insolvency Practice Schedule (Bankruptcy)
Part 3General rules relating to estate administrations
Division 70Information
Subdivision CRecord‑keeping
70-20 Audit of administration books—on order of the Court
(1)
The Court may order that the Inspector‑General audit, or cause to be audited, the books referred to in section 70‑5 (annual administration return), 70‑10 (administration books) or 70‑11 (books when trading).
(2)
The order may be made on application of any person with a financial interest in the administration of the regulated debtor’s estate.
(3)
The Court may make such orders in relation to the audit as it thinks fit, including:
(a)
the preparation and provision of a report on the audit; and
(b)
orders as to the costs of the audit.
This Act’s bill:Second reading speech
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