Commonwealth Numbered Regulations

1989 No. 182 BANKRUPTCY RULES (AMENDMENT) - RULE 10

10. After rule 74 of the Bankruptcy Rules, the following rule is inserted:
Trustee or solicitor to prepare statement about possible resolutions

"75. A registered trustee or solicitor who is required to prepare a statement
under section 189B of the Act shall include in the statement the following
information:

   (a)  the requirement to elect a chairman or chairwoman to preside at the
        meeting of creditors, and the manner of voting at the election,
        including voting by proxy or by attorney;

   (b)  the power of the meeting to pass a resolution:

        (i)    adjourning the meeting and fixing a date, time and place for
               the resumption of the meeting; and

        (ii)   nominating a registered trustee to act as trustee of a deed of
               assignment or a deed of arrangement, or of a composition;

   (c)  the power of the meeting to pass a special resolution:

        (i)    releasing the debtor's property from control;

        (ii)   requiring the debtor to execute a deed of assignment or a deed
               of arrangement;

        (iii)  accepting a composition; or

        (iv)   requiring the debtor to present a debtor's petition;

   (d)  the power to specify, in a special resolution that requires the debtor
        to execute a deed of arrangement, provisions to be included in the
        deed; and

   (e)  the requirement that a special resolution accepting a composition
        specify the terms of the composition.".