PART 8INDIVIDUAL VOLUNTARY ARRANGEMENTS (IVA)

CHAPTER 5Consideration of the proposal by the creditors

Proposals for an alternative supervisor8

1

If in response to a notice of a decision procedure to consider the proposal other than at a meeting, a creditor proposes that a person other than the nominee be appointed as supervisor, that person's consent to act and confirmation of being qualified to act as an insolvency practitioner (or being an authorised person) in relation to the debtor must be delivered to the nominee by the creditor.

2

If at a creditors' meeting to consider the proposal a resolution is moved for the appointment of a person other than the nominee to be supervisor, that person must produce to the chair at or before the meeting—

a

confirmation of being qualified to act as an insolvency practitioner (or being an authorised person) in relation to the debtor; and

b

written consent to act (unless the person is present at the meeting and signifies consent).