70‑5 Notice requirements for unreasonabl70‑5 Notice requirements for unreasonable requests

70‑5 Notice requirements for unreasonable requests

(1) This section is made for the purposes of section 70‑50 of the Insolvency Practice Schedule (Bankruptcy) and applies if: (a) a request for information or a report or document is made to the trustee of a regulated debtor’s estate under Division 70 of the Insolvency Practice Schedule (Bankruptcy); and (b) under the Act or these Rules, it is not reasonable for the trustee to comply with the request. (2) The trustee must: (a) notify the person or body making the request that it is not reasonable for the trustee to comply with the request, and of the reasons why it is not reasonable; and (b) make a written record in the books required to be kept under section 70‑10 of the Insolvency Practice Schedule (Bankruptcy) of the fact that the request was not complied with, and of the reasons.