73B
In forceDeclaration of relationships by proposed trustee of composition or scheme of arrangement
Part IVProceedings in connexion with bankruptcy
Division 6Composition or arrangement with creditors
73B Declaration of relationships by proposed trustee of composition or scheme of arrangement
(1)
This section applies if the proposal provides that a person (the proposed trustee) other than the trustee of the bankrupt’s estate is to become the trustee of the composition or scheme of arrangement.
(2)
The proposed trustee must make a written declaration stating whether the bankrupt is a related entity of:
(a)
the proposed trustee; or
(b)
a related entity of the proposed trustee.
(3)
The proposed trustee must:
(a)
give a copy of the declaration to the Official Receiver; and
(b)
give a copy of the declaration to the trustee of the bankrupt’s estate; and
(c)
keep a copy of the declaration.
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