Bankruptcy Act 1966
Note: See section 4A .
PART 3 - GENERAL RULES RELATING TO ESTATE ADMINISTRATIONS
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Hide history noteApplication 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.
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