BANKRUPTCY ACT 1966

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (BANKRUPTCY)  

Note: See section 4A .

PART 3 - GENERAL RULES RELATING TO ESTATE ADMINISTRATIONS  

Division 60 - Remuneration and other benefits received by the trustee  

Subdivision E - Duties of trustees relating to remuneration and benefits etc.  

SECTION 60-21   60-21   INDUCEMENTS TO BE APPOINTED AS TRUSTEE  


A person (the first person ) commits an offence if:


(a) the first person gives, or agrees or offers to give, to another person any valuable consideration; and


(b) the first person does so with the intention of:


(i) securing the first person ' s appointment or nomination as a trustee of a regulated debtor ' s estate; or

(ii) securing or preventing the appointment or nomination of a third person as a trustee of a regulated debtor ' s estate.

Penalty: Imprisonment for 6 months.




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