Bankruptcy Act 1966

Pt 3 inserted by No 11 of 2016, s 3 and Sch 1 item 2, applicable in relation to the administration of regulated debtors ' estates on and after 1 September 2017.

Div 60 inserted by No 11 of 2016, s 3 and Sch 1 item 2, applicable in relation to the administration of regulated debtors ' estates on and after 1 September 2017.

Subdiv E inserted by No 11 of 2016, s 3 and Sch 1 item 2, applicable in relation to the administration of regulated debtors ' estates on and after 1 September 2017.

S 60-21 substituted by No 118 of 2018, s 3 and Sch 6 item 1, applicable in relation to conduct engaged in on or after 27 June 2019. S 60-21 formerly read:

SECTION 60-21 INDUCEMENTS TO BE APPOINTED AS TRUSTEE  
60-21(1)
A person must not give, or agree or offer to give, to another person any valuable consideration with a view to:

(a) securing the first person ' s appointment or nomination as a trustee of a regulated debtor ' s estate; or

(b) securing or preventing the appointment or nomination of a third person as a trustee of a regulated debtor ' s estate.

Strict liability offence

60-21(2)
A person commits an offence of strict liability if a person contravenes subsection (1).

Penalty: 50 penalty units or imprisonment for 3 months, or both.

S 60-21 inserted by No 11 of 2016, s 3 and Sch 1 item 2, applicable in relation to the administration of regulated debtors ' estates on and after 1 September 2017.