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Insolvency Law Reform Act 2016
140Review of payments to third parties
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140 Review of payments to third parties
(1) A review of a bill of costs for services in relation to the administration of a regulated debtor’s estate may be carried out in accordance with rules made for the purposes of section 65‑46 of the Insolvency Practice Schedule (Bankruptcy) whether or not the service was provided before, on or after the commencement day.
Old Act continues to apply in relation to ongoing reviews
(2) Subitems (3) and (4) apply if a review in accordance with regulations made for the purposes of subsection 167(2) of the old Act is started before the commencement day.
(3) Nothing in this Act affects:
(a) the review; or
(b) the powers of the Inspector‑General in relation to the review; or
(c) any decisions made by the Inspector‑General in relation to the review; or
(d) any appeal or review in relation to the review.
(4) The old Act continues to apply on and after the commencement day in relation to the review despite the amendments and repeals made by this Act.
Subdivision E—Information
141 Application of Division 70 of the Insolvency Practice Schedule (Bankruptcy)—general rule
Division 70 of the Insolvency Practice Schedule (Bankruptcy) applies in relation to an ongoing administration of a regulated debtor’s estate.
142 Accounts and administration returns
Administration returns for 2017‑18 and later years
(1) Section 70‑5 of the Insolvency Practice Schedule (Bankruptcy) applies in relation to the financial year starting on 1 July 2017 and later financial years.
(2) The repeal of section 170A by this Schedule applies in relation to the financial year starting on 1 July 2017 and later financial years.