155Application of Division 80 of the Insolvency Practice Schedule (Bankruptcy)—general rules

155  Application of Division 80 of the Insolvency Practice Schedule (Bankruptcy)—general rules (1) Division 80 of the Insolvency Practice Schedule (Bankruptcy) applies in relation to a committee of inspection for an ongoing administration of a regulated debtor’s estate:  (a) that is appointed under that Division on or after the commencement day; or  (b) that is appointed under a provision of the old Act but is taken to be a committee of inspection under subitem 156(1). (2) However, Division 80 of the Insolvency Practice Schedule (Bankruptcy) does not apply in relation to meetings of, or related to, the committee of inspection convened or held before the commencement day.