BANKRUPTCY ACT 1966
Note: See section 4A .PART 1 - INTRODUCTION Division 1 - Introduction SECTION 1-5 SIMPLIFIED OUTLINE OF THIS SCHEDULE
Under this Act, only the Official Trustee or a registered trustee can act as the trustee of a regulated debtor ' s estate.
Part 2 of this Schedule sets out the process for registering trustees, and also deals with disciplining registered trustees.
Consistently regulating the administration of regulated debtors ' estates
Part 3 of this Schedule sets out provisions to regulate the administration of regulated debtors ' estates consistently.
A regulated debtor is a bankrupt, a person whose property is subject to control under Division 2 of Part X , a debtor under a personal insolvency agreement or a deceased person whose estate is being administered under Part XI .
There are other matters relevant to the administration of regulated debtors ' estates in this Act.
This Schedule also gives authority for a legislative instrument, the Insolvency Practice Rules, to deal with some matters.