Reporting to creditors
70-50 Reporting to creditors
The Insolvency Practice Rules may provide for and in relation to the obligations of trustees of regulated debtors’ estates:
to give information; and
to provide reports; and
to produce documents;
to creditors or the regulated debtor.
Without limiting subsection (1), the Insolvency Practice Rules may provide for and in relation to:
other circumstances in which the trustee of a regulated debtor’s estate must give information, provide a report or produce a document to a creditor or the regulated debtor; and
the manner and form in which information is to be given, a report provided or a document produced; and
the timeframes in which information is to be given, a report provided or a document produced; and
who is to bear the cost of giving information, providing a report or producing a document.
The Insolvency Practice Rules may:
make different provision in relation to different kinds of estate administration; and
provide that specified requirements imposed under the Insolvency Practice Rules may be replaced or modified, by resolution, by:
the creditors; or
if there is a committee of inspection—the committee.
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