CORPORATIONS ACT 2001
|PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS
|Division 70 - Information
|Subdivision D - Giving information etc. to creditors and others
The Insolvency Practice Rules may provide for and in relation to the obligations of external administrators of companies:
(a) to give information; and
(b) to provide reports; and
(c) to produce documents;
to creditors or members.
Without limiting subsection (1), the Insolvency Practice Rules may provide for and in relation to:
(a) other circumstances in which the external administrator of a company must give information, provide a report or produce a document to a creditor or member; and
(b) the manner and form in which information is to be given, a report provided or a document produced; and
(c) the timeframes in which information is to be given, a report provided or a document produced; and
(d) who is to bear the cost of giving information, providing a report or producing a document.
The Insolvency Practice Rules may:
(a) make different provision in relation to different kinds of external administration; and
(b) provide that specified requirements imposed under the Insolvency Practice Rules may be replaced or modified, by resolution, by:
(i) the creditors; or
(ii) the members; or
(iii) if there is a committee of inspection - the committee.