PART 7TIME, RULES ABOUT DOCUMENTS AND INTERPRETATION
CHAPTER 10Delivery of documents and opting out
Education administrator to provide information to creditors on opting-out7.50
1
The education administrator must, in the first communication with a creditor, inform the creditor in writing that the creditor may elect to opt out of receiving further documents relating to the proceedings.
2
The communication must contain—
a
identification and contact details for the education administrator;
b
a statement that the creditor has the right to elect to opt out of receiving further documents about the proceedings unless—
i
the Act requires a document to be delivered to all creditors without expressly excluding opted-out creditors,
ii
it is a notice relating to a change in the education administrator or the education administrator’s contact details, or
iii
it is a notice of a dividend or proposed dividend or a notice which the court orders to be sent to all creditors or all creditors of a particular category to which the creditor belongs;
c
a statement that opting-out will not affect the creditor’s entitlement to receive dividends should any be paid to creditors;
d
a statement that unless these Rules provide to the contrary opting-out will not affect any right the creditor may have to vote in a decision procedure or a participate in a deemed consent procedure in the proceedings although the creditor will not receive notice of it;
e
a statement that a creditor who opts out will be treated as having opted out in respect of any consecutive insolvency proceedings of a different kind in respect of the same further education body; and
f
information about how the creditor may elect to be or cease to be an opted-out creditor.