Commonwealth Consolidated Acts

BANKRUPTCY ACT 1966 - SECT 194

             (1)  The meeting that is to be called under an authority under section 188 must be held:

                     (a)  not more than 25 working days after the relevant consent or approval was given; or

                     (b)  if the relevant consent or approval was given in December--not more than 30 working days after the relevant consent or approval was given.

             (2)  For the purposes of subsection (1), the relevant consent or approval is:

                     (a)  if the person authorised is a registered trustee or solicitor--the consent of the person to exercise the powers given by the authority; or

                     (b)  if the person authorised is the Official Trustee--the approval given by the Official Receiver to name the Official Trustee in the authority.

             (3)  For the purposes of subsection (1), a working day is a day that is not a Saturday, Sunday or public holiday in the place where the meeting is to be held.