PART IV
-
PROCEEDINGS IN CONNEXION WITH BANKRUPTCY
Division 3A
-
Acceptance of statements of affairs by Official Receiver
History
Div 3A inserted by No 94 of 2023, s 3 and Sch 1 item 12, effective 23 November 2023.
SECTION 57B
ACCEPTANCE OF STATEMENTS OF AFFAIRS BY OFFICIAL RECEIVER
57B(1)
The Official Receiver must either accept, or refuse to accept, a statement of affairs that is filed for the purposes of any of the following provisions (including an updated statement of affairs filed within the period specified for the purposes of paragraph
(4)(c)
in a notice under subsection
(3)
) within 14 days from the day the statement of affairs is filed:
(a)
subsection
54(1)
or
(2)
;
(b)
paragraph
55(2)(b)
;
(c)
paragraph
56B(3)(a)
or
(b)
;
(d)
paragraph
56F(1)(a)
or
(b)
;
(e)
paragraph
57(2)(a)
or
(b)
.
Note:
Subsections
(6)
and
(7)
provide certain exceptions to this rule.
57B(2)
The Official Receiver must accept the statement of affairs, unless the Official Receiver thinks that the statement of affairs is inadequate.
Note:
The Court may review an act done by the Official Receiver (see subsection
15(5)
and section
303
).
57B(3)
The Official Receiver must give written notice of the decision under subsection
(1)
to:
(a)
for a statement of affairs filed for the purposes of subsection
54(1)
or paragraph
55(2)(b)
,
56B(3)(a)
,
56F(1)(a)
or
57(2)(a)
-
the person whose affairs the statement relates to; or
(b)
for a statement of affairs filed for the purposes of subsection
54(2)
-
each of the joint debtors; or
(c)
for a statement of affairs filed for the purposes of paragraph
56B(3)(b)
-
each of the petitioning members of the partnership; or
(d)
for a statement of affairs filed for the purposes of paragraph
56F(1)(b)
-
the member, or each of the members, of the partnership who gave the statement of affairs; or
(e)
for a statement of affairs filed for the purposes of paragraph
57(2)(b)
-
each of the petitioning debtors.
57B(4)
If the Official Receiver refuses to accept the statement of affairs, the notice must:
(a)
specify the respects in which the Official Receiver thinks the statement of affairs is inadequate; and
(b)
invite the person or persons to file an updated statement of affairs with the Official Receiver; and
(c)
specify a period within which the updated statement may be filed, which must be at least 14 days from the day the notice is given.
Note:
For variation of the notice (for example, to extend the period specified in the notice within which the updated statement may be filed), see subsection
33(3)
of the
Acts Interpretation Act 1901
.
57B(5)
An updated statement of affairs filed within the period specified for the purposes of paragraph
(4)(c)
in a notice under subsection
(3)
is taken for all purposes:
(a)
to have been filed for the purposes of the provision referred to in paragraph
(1)(a)
,
(b)
,
(c)
,
(d)
or
(e)
; and
(b)
to replace the statement of affairs that the Official Receiver refused to accept.
57B(6)
This section does not apply to a statement of affairs filed in connection with a debtor
'
s petition if:
(a)
subsection
55(3B)
or
57(3B)
applies in relation to the debtor
'
s petition; or
(b)
subsection
56C(1)
applies in relation to the debtor
'
s petition and the statement of affairs is not required to be filed under paragraph
56F(1)(a)
.
57B(7)
This section (other than subsection
(8)
) ceases to apply to a statement of affairs filed in connection with a debtor
'
s petition if the Official Receiver rejects the debtor
'
s petition.
57B(8)
Without limiting paragraph
12(1)(d)
, a report under that paragraph for a financial year must include the number of statements of affairs (including updated statements of affairs) filed with the Official Receiver during the financial year for which there is a failure to comply with subsection
(1)
of this section.
57B(9)
In this section:
filed
includes presented, lodged or given.
History
S 57B inserted by No 94 of 2023, s 3 and Sch 1 item 12, effective 23 November 2023. No 94 of 2023, s 3 and Sch 1 items 27 and 28 contain the following application provisions:
Part
2
-
Application, transitional and validation provisions
Division
1
-
Definitions
27
Definitions
In this Part:
affected bankruptcy period
means the period:
(a)
starting on 1
July 1992 (the day section
27 of the
Bankruptcy Amendment Act 1991
commenced); and
(b)
ending on the day before commencement.
amended Act
means the
Bankruptcy Act 1966
, as amended by Part
1 of this Schedule.
amended Regulations
means the
Bankruptcy Regulations
2021
, as amended by Part
1 of this Schedule.
commencement
means the commencement of this item.
discharge reference date
for a bankruptcy means:
(a)
unless paragraph
(b) or (c) applies:
(i)
for a bankruptcy because of a sequestration order
-
the date of filing of the version of the statement of the bankrupt
'
s affairs that the Official Receiver accepted for filing; or
(ii)
for a bankruptcy because of a debtor
'
s petition (other than a bankruptcy to which subparagraph
(iii) applies)
-
the date the Official Receiver accepted the debtor
'
s petition; or
(iii)
for a bankruptcy, because of a debtor
'
s petition against a partnership, of a member of the partnership who did not join in presenting the petition
-
the date of filing of the version of the statement of the bankrupt
'
s affairs that the Official Receiver accepted for filing; or
(b)
if there is in force an order of a court made before commencement:
(i)
declaring the date on which the statement of the bankrupt
'
s affairs was filed with Official Receiver to be a particular date; or
(ii)
ordering that the statement of the bankrupt
'
s affairs be treated as having been filed with the Official Receiver at a time before it was actually filed; or
(iii)
otherwise affecting the date on which the bankrupt filed his or her statement of affairs for the purposes of sections
149
and
149A
of the
Bankruptcy Act 1966
, as in force at any time during the affected bankruptcy period;
the date applicable under that order; or
(c)
if there is in force an order of a court, made on or after commencement, that the person
'
s discharge reference date is to be treated as having been a date that is earlier than the date that would otherwise apply (see item
32)
-
the date applicable under that order.
do a thing
includes:
(a)
make, or refuse to make, a decision (however described and whether or not under a law); and
(b)
exercise a power, perform a function, comply with an obligation or discharge a duty; and
(c)
refuse to do a thing covered by paragraph
(b); and
(d)
enter into, or refuse to enter into, an agreement or transaction (however described); and
(e)
do, or refuse to do, anything else;
and
purport to do a thing
has a corresponding meaning.
Official Receiver
includes:
(a)
an Official Receiver within the meaning of the
Bankruptcy Act 1966
, as in force at any time during the affected bankruptcy period; and
(b)
a Registrar in Bankruptcy, or a Deputy Registrar in Bankruptcy, within the meaning of the
Bankruptcy Act 1966
, as in force at any time during the affected bankruptcy period; and
(c)
an authorised employee; and
(d)
an officer (within the meaning of the
Bankruptcy Act 1966
, as in force at any time during the affected bankruptcy period) with duties that include supporting:
(i)
an Official Receiver covered by paragraph
(a) of this definition; or
(ii)
a Registrar in Bankruptcy, or a Deputy Registrar in Bankruptcy, covered by paragraph
(b) of this definition;
in the performance of their functions, or in the exercise of their powers, under the
Bankruptcy Act 1966
.
Division
2
-
Application of the amended Act and amended Regulations
28 Application of the amended Act
Requirement to accept or refuse to accept statement of affairs
(1)
The provisions of the amended Act covered by subitem
(2) apply in relation to a statement of affairs filed for the purposes of a provision mentioned in any of paragraphs 57B(1)(a) to (e) of the amended Act:
(a)
on or after commencement; or
(b)
before commencement, if the Official Receiver had not, before commencement:
(i)
accepted the statement of affairs for filing; or
(ii)
efused to accept for filing the most recent version of the statement of affairs given to the Official Receiver before commencement.
(2)
This subitem covers the following provisions of the amended Act:
(a)
paragraphs
55(3)(c)
and
(3AA)(a)
;
(b)
paragraph
56B(4)(c)
;
(c)
paragraph
57(3)(c)
;
(d)
subsection
57B(1)
.
(3)
Subsection
57B(1)
of the amended Act applies under subitem
(1):
(a)
in relation to a statement of affairs filed before commencement
-
as if the 14 day period referred to in that subsection ran from commencement; and
(b)
in any case
-
subject to the operation of subsections
57B(6)
and
(7)
of the amended Act.
Discharge from bankruptcy
(4)
Sections
149
and
149A
of the amended Act apply in relation to a bankrupt whose statement of affairs is filed:
(a)
on or after commencement; or
(b)
before commencement, if the Official Receiver had not, before commencement:
(i)
accepted the statement of affairs for filing; or
(ii)
refused to accept for filing the most recent version of the statement of affairs given to the Official Receiver before commencement.
Court alteration of dates
(5)
Section
33A
of the amended Act applies in relation to a bankrupt whose statement of affairs is filed:
(a)
on or after commencement; or
(b)
before commencement, if the Official Receiver had not, before commencement:
(i)
accepted the statement of affairs for filing; or
(ii)
refused to accept for filing the most recent version of the statement of affairs given to the Official Receiver before commencement.
Note:
For the operation of section
33A
of the
Bankruptcy Act 1966
, as that section applies to persons whose statements of affairs were accepted by the Official Receiver for filing before commencement, see item
32 of this Schedule.
Advising trustee of material changes
(6)
Paragraphs
77(1)(bb)
and
(bc)
of the amended Act apply in relation to a bankrupt whose statement of affairs is filed:
(a)
on or after commencement; or
(b)
before commencement, if the Official Receiver had not, before commencement:
(i)
accepted the statement of affairs for filing; or
(ii)
refused to accept for filing the most recent version of the statement of affairs given to the Official Receiver before commencement.
…