BANKRUPTCY ACT 1966

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (BANKRUPTCY)  

Note: See section 4A .

PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS  

Division 20 - Registering trustees  

Subdivision D - Renewal  

SECTION 20-70   APPLICATION FOR RENEWAL  

20-70(1)  
An individual may apply to the Inspector-General to have the individual ' s registration as a trustee renewed.

20-70(2)  
The application must be lodged with the Inspector-General, in the approved form, before the applicant ' s registration as a trustee ceases to have effect.

Note:

The Court may extend the time within which an application must be lodged: see paragraph 33(1)(c) .

20-70(3)  
If an individual applies to have his or her registration as a trustee renewed, the individual must, at least 1 month before the registration ceases to have effect, pay the renewal fee determined by the Minister by legislative instrument. If the renewal fee is not paid at least 1 month before the registration ceases to have effect, an additional amount equal to 20% of the renewal fee is payable by the applicant by way of penalty.

20-70(4)  
The application is properly made if subsection (2) is complied with.




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