BANKRUPTCY ACT 1966
Note: See section 4A .PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS Division 20 - Registering trustees Subdivision A - Introduction SECTION 20-1 SIMPLIFIED OUTLINE OF THIS DIVISION
An individual may apply to the Inspector-General to be registered as a trustee. The application will be referred to a committee, which will assess the application against specified criteria (the applicant ' s qualifications, conduct and fitness and whether the applicant will take out appropriate insurance). The committee will report its decision to the Inspector-General and, if the committee decides that the applicant should be registered, the Inspector-General will register the applicant as a trustee.
A registration may be subject to conditions. Conditions may be imposed on a particular registered trustee by the committee, or on all registered trustees or a class of registered trustees by the Insolvency Practice Rules. A registered trustee may apply to the Inspector-General to have a condition imposed by a committee removed or varied. That application will be referred to a committee.
Registration is for 3 years, but may be renewed. An application for renewal may be made to the Inspector-General within specified time periods.
A decision of a committee about an application for registration or about a condition of registration is reviewable by the Administrative Appeals Tribunal (see Division 96 of this Schedule).