Bankruptcy Regulations 1996

PART 8 - TRUSTEES  

Division 3 - Registered trustee ceasing to be trustee of an estate  

REGULATION 8.55   NOTICE OF FINALISATION OF ADMINISTRATION AND ENTRY ON THE INDEX  

8.55(1)    
The trustee of a regulated debtor ' s estate must, within 5 working days of finalising the administration of the estate, give notice in writing of the finalisation to the Official Receiver.

Penalty: 1 penalty unit.


8.55(2)    
The Official Receiver must promptly enter on the Index the fact that the administration of an estate has been finalised, where:


(a) the Official Receiver receives notice under subregulation (1); or


(b) the estate was administered by the Official Trustee.

8.55(3)    
An offence against subregulation (1) is an offence of strict liability.

Penalty: 1 penalty unit.



 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.