51
In forceOfficial Trustee to perform duties of controlling trustee
Part 8Trustees
Division 2Controlling trustees other than Official Trustee or registered trustees
51 Official Trustee to perform duties of controlling trustee
(1)
This section applies if:
(a)
an authorisation by a debtor under subsection 188(1) of the Act is in force in relation to a person; and
(b)
the person becomes ineligible to act as a controlling trustee under Part X of the Act because one or more of the circumstances prescribed by subsection 49(1) of this instrument apply in relation to the person.
(2)
The Official Trustee must perform the duties of a controlling trustee in relation to the debtor unless and until the debtor authorises another person under subsection 188(1) of the Act.
This Act’s bill:Explanatory statement
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