Committee of inspection may obtain specialist advice or assistance
80-50 Committee of inspection may obtain specialist advice or assistance
A committee of inspection may resolve that a member of the committee obtain, on behalf of the committee, such advice or assistance as the committee considers desirable in relation to the conduct of the administration of the regulated debtor’s estate.
The committee of inspection must obtain the approval of the trustee of the regulated debtor’s estate or the Court before expenses are incurred in obtaining the advice or assistance.
To avoid doubt, an expense incurred under subsection (2) is to be taken to be an expense of the administration of the estate, unless the Court orders otherwise.
This Act’s bill:Second reading speech
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