Right of creditors to request information etc. from trustee
70-40 Right of creditors to request information etc. from trustee
The creditors may by resolution request the trustee of a regulated debtor’s estate to:
give information; or
provide a report; or
produce a document;
to the creditors.
The trustee must comply with the request unless:
the information, report or document is not relevant to the administration of the regulated debtor’s estate; or
the trustee would breach his or her duties in relation to the administration of the regulated debtor’s estate if the trustee complied with the request; or
it is otherwise not reasonable for the trustee to comply with the request.
The Insolvency Practice Rules may prescribe circumstances in which it is, or is not, reasonable for a trustee to comply with a request of a kind mentioned in subsection (1).
This Act’s bill:Second reading speech
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