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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History

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.

Division 70 - Information  

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Div 70 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.

Subdivision A - Introduction  

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Subdiv A 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.

SECTION 70-1   SIMPLIFIED OUTLINE OF THIS DIVISION  

The trustee of a regulated debtor ' s estate must:

(a) give annual reports of the administration of the estate (called annual administrative returns) to the Inspector-General; and

(b) keep books of meetings and other affairs of the estate; and

(c) allow those books to be audited if required to do so; and

(d) allow access to those books by creditors; and

(e) give creditors and others requested information, documents and reports relating to the administration.

The committee of inspection (if there is one) may also request information, documents and reports from the trustee under Division 80 .

If the trustee does not comply with a request, the Inspector-General may direct the trustee to do so. If the trustee does not comply with the direction, the Inspector-General may ask the Court to order compliance. Alternatively, the person who requested the information may ask the Court to order compliance with the request.

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History

S 70-1 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.

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