CTHIn ForceLegislation
Insolvency Practice Rules (Bankruptcy) 2016
50‑45 Termination of consideration, and 50‑45 Termination of consideration, and transfer, of a matter
Start here
Get a plain-English read of 50‑45 Termination of consideration, and
Turn the raw legal text into a practical explanation grounded in Insolvency Practice Rules (Bankruptcy) 2016.
50‑45 Termination of consideration, and transfer, of a matter
(1) If the Chair of a Part 2 committee is satisfied that a matter could more efficiently or fairly be dealt with by terminating the consideration of the matter by the committee and transferring the matter to another committee, the Chair may do so. (2) If a matter is transferred under subsection (1), the new committee must deal with the matter afresh.