sec.171Reimbursement of insolvency official

sec.171 Reimbursement of insolvency official

In the event of a RoLR event, the insolvency official of a failed retailer is entitled to be indemnified by the relevant designated RoLR for the official’s reasonable costs of complying with applicable requirements of the RoLR scheme, a RoLR notice or a RoLR regulatory information notice. Any dispute about the insolvency official’s reasonable costs is to be dealt with by the Court in the same way as a dispute as to a liquidator’s remuneration is dealt with under section 473 of the Corporations Act 2001 of the Commonwealth. (sec.171-ssec.1) In the event of a RoLR event, the insolvency official of a failed retailer is entitled to be indemnified by the relevant designated RoLR for the official’s reasonable costs of complying with applicable requirements of the RoLR scheme, a RoLR notice or a RoLR regulatory information notice. (sec.171-ssec.2) Any dispute about the insolvency official’s reasonable costs is to be dealt with by the Court in the same way as a dispute as to a liquidator’s remuneration is dealt with under section 473 of the Corporations Act 2001 of the Commonwealth.