1996 No. 263 BANKRUPTCY REGULATIONS - REG 15.06 Removal of members from a committee

1996 No. 263 BANKRUPTCY REGULATIONS - REG 15.06

15.06. (1) The Inspector-General may terminate the appointment of a member of
a committee if:

   (a)  the member becomes physically or mentally incapable of performing the
        duties of a member; or

   (b)  the member becomes a bankrupt; or

   (c)  the member signs an authority under section 188 of the Act that is
        effective for the purposes of Part X of the Act; or

   (d)  the member becomes a party, as a debtor, to a debt agreement; or

   (e)  the member has been convicted of an offence involving fraud or
        dishonesty; or

   (f)  the member neglects his or her duty as a member.

(2) The Inspector-General may terminate the appointment of a member of a
committee convened to consider an application under subsection 154A (1) or
155E (1) of the Act if:

   (a)  the member:

        (i)    is a close relative of the applicant; or

        (ii)   has a financial or personal relationship with the applicant;
               and

   (b)  the Inspector-General believes that relationship may affect the
        impartiality of the member.

(3) The Inspector-General may terminate the appointment of a member of a
committee convened under subsection 155H (2) of the Act to consider whether a
trustee should continue to be registered if:

   (a)  the member:

        (i)    is a close relative of the trustee; or

        (ii)   has a financial or personal relationship with the trustee; and

   (b)  the Inspector-General believes that the relationship may affect the
        impartiality of the member.