Div 55Introduction

Division 55—Introduction 55‑1  Simplified outline of this Part This Part sets out requirements for conducting the administration of a regulated debtor’s estate. The main provisions deal with:  (a) the remuneration of the trustee; and  (b) the duties of the trustee in handling the money and other property of the estate; and  (c) conflicts of interest; and  (d) the duties of the trustee to keep appropriate records, to report to the Inspector‑General and to give information, documents and reports to creditors and others; and  (e) creditor meetings; and  (f) the creation and conduct of a committee to monitor the administration (called a committee of inspection); and  (g) the rights of creditors to review the administration; and  (h) the rights of creditors to remove the trustee and appoint another; and  (i) the review of the administration by the Court. There are additional rules that apply to the administration of a regulated debtor’s estate (for example, about appointment of the trustee) in this Act.