Bankruptcy Act 1966

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (BANKRUPTCY)  

Note: See section 4A .

PART 3 - GENERAL RULES RELATING TO ESTATE ADMINISTRATIONS  

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Division 65 - Funds handling  

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SECTION 65-15   TRUSTEE MUST NOT PAY OTHER MONEY INTO THE ADMINISTRATION ACCOUNT  

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Trustee must not pay other money into the administration account

65-15(1)    
The trustee of a regulated debtor ' s estate must not pay any money into the administration account for the estate if it is not received by the trustee on behalf of, or in relation to:

(a)    the estate; or

(b)    where the trustee maintains the account in relation to more than one estate of a regulated debtor or regulated debtors - one of those estates.

Exception

65-15(2)    
If the Court gives a direction that is inconsistent with subsection (1), that subsection does not apply to the extent of the inconsistency.

Offence

65-15(3)    
A person commits an offence of strict liability if:

(a)    the person is subject to the requirement under subsection (1) ; and

(b)    the person fails to comply with the requirement.

Penalty: 50 penalty units.

Note:

A defendant bears an evidential burden in relation to the matter in subsection (2) (see subsection 13.3(3) of the Criminal Code ).
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