IPE liability clarified: authorised partners receive disciplinary notices; assignment limits and fixed fee rules do not apply to IPEs. Show cause notices for assignments undertaken by an IPE shall be issued to the partner or director authorised to sign and act for that assignment; the IPE itself may be targeted where repeated contraventions or systemic failure are found. Clause 22 limiting number of assignments does not apply to an IP that is an IPE. Regulation 34B prescribing minimum fixed and incentive fees for CIRP practitioners does not apply to an IP that is an IPE, whose fees are to be market determined.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
IPE liability clarified: authorised partners receive disciplinary notices; assignment limits and fixed fee rules do not apply to IPEs.
Show cause notices for assignments undertaken by an IPE shall be issued to the partner or director authorised to sign and act for that assignment; the IPE itself may be targeted where repeated contraventions or systemic failure are found. Clause 22 limiting number of assignments does not apply to an IP that is an IPE. Regulation 34B prescribing minimum fixed and incentive fees for CIRP practitioners does not apply to an IP that is an IPE, whose fees are to be market determined.
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