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COMMONWEALTHRegulation
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s 17

Prescribed modifications of applied provisions

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Part 4Proceedings in connection with bankruptcy
Division 2Petitions

17 Prescribed modifications of applied provisions

For the purposes of subsection 50(5) of the Act, section 81 of the Act is modified as follows:

(a)

by omitting from subsection (2) “An” and substituting “Subject to subsection (2A), an”;

(b)

by inserting after subsection (2) the following subsection:

“(2A) The Court or a magistrate may direct that an examination, or any part of an examination, under this section shall be held in private.”;

(c)

by omitting from subsection (9) “is the trustee” and substituting “has been directed to take control of the property of the relevant person”;

(d)

by omitting subsection (10A);

(e)

by omitting subsection (14) and substituting the following subsections:

“(14) Subject to subsection (14A), the applicant for an examination under this section is to pay the costs incurred in connection with the examination.

(14A)

The Court or a magistrate may order that all or some of the costs mentioned in subsection (14) are to be paid by the relevant person.”.

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