BANKRUPTCY ACT 1966
Note: See section 4A .PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS Division 35 - Notice requirements SECTION 35-5 NOTICE OF OTHER EVENTS 35-5(1)
A registered trustee must lodge with the Inspector-General a notice, in the approved form, if any of the following events occur:
(a) information included in an annual trustee return, or in an annual administration return, prepared by or on behalf of the trustee is or becomes inaccurate in a material particular;
(b) any other event prescribed.
The notice must be lodged within 10 business days after the registered trustee could reasonably be expected to be aware that the event has occurred.Offence 35-5(2)
A person commits an offence if:
(a) the person is subject to a requirement under subsection (1); and
(b) the person intentionally or recklessly fails to comply with the requirement.
Penalty: 5 penalty units.
See also section 277B (about infringement notices).