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  • Deceased estates and bankruptcy

    Special rules exist for deceased estates and bankruptcy.

    Deceased estate

    A trustee or executor needs to lodge all outstanding tax returns on behalf of a deceased person, up to the date of the person’s death.

    Any compulsory repayment included on a notice of assessment or overseas levy included on a notice of overseas levy that relates to the period before the person’s death must be paid from the estate. The remainder of the debt is cancelled. Neither the deceased person’s family, nor the trustee, is required to pay the rest of the debt.


    Loan accounts are not provable under the Bankruptcy Act 1966. This means you will have to pay those debts as if you had not been declared bankrupt.

    Last modified: 21 Aug 2017QC 44863