Bankruptcy Act 1966

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (BANKRUPTCY)  

Note: See section 4A .

PART 3 - GENERAL RULES RELATING TO ESTATE ADMINISTRATIONS  

Division 70 - Information  

Subdivision B - Annual administration return  

SECTION 70-5   ANNUAL ADMINISTRATION RETURN  
Application of this section

70-5(1)    
This section applies if a person is the trustee of a regulated debtor ' s estate during all or part of a financial year.

Annual administration return to be lodged

70-5(2)    
The person must lodge a return in relation to the person ' s administration of that estate during that year or part of that year (as the case requires).

70-5(3)    
The return must:

(a)    be in the approved form; and

(b)    be lodged with the Inspector-General within 25 business days after the end of the financial year.

Late lodgement fee payable

70-5(4)    
If the person does not lodge the return within the period mentioned in paragraph (3)(b), the person must pay a late lodgement fee, determined by the Minister by legislative instrument, by way of penalty.