Prescribed modifications of applied provisions
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:
by omitting from subsection (2) “An” and substituting “Subject to subsection (2A), an”;
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.”;
by omitting from subsection (9) “is the trustee” and substituting “has been directed to take control of the property of the relevant person”;
by omitting subsection (10A);
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.
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.”.
This Act’s bill:Explanatory statement
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