Lessons from Lavan: Navigating the “No Profit Rule” in a Committee of Inspection

Leith Ayres and Jackson Flematti of Lavan explain how the Brindabella Christian Education administration provides practical guidance on when the Court may permit a creditor with an ongoing financial interest to sit on a committee of inspection, confirming that the “no profit rule” is not absolute where conflicts are managed, creditor representation is improved and participation supports the administration.

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