BANKRUPTCY ACT 1966

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (BANKRUPTCY)  

Note: See section 4A .

PART 3 - GENERAL RULES RELATING TO ESTATE ADMINISTRATIONS  

Division 70 - Information  

Subdivision A - Introduction  

SECTION 70-1   SIMPLIFIED OUTLINE OF THIS DIVISION  

The trustee of a regulated debtor ' s estate must:

  • (a) give annual reports of the administration of the estate (called annual administrative returns) to the Inspector-General; and
  • (b) keep books of meetings and other affairs of the estate; and
  • (c) allow those books to be audited if required to do so; and
  • (d) allow access to those books by creditors; and
  • (e) give creditors and others requested information, documents and reports relating to the administration.
  • The committee of inspection (if there is one) may also request information, documents and reports from the trustee under Division 80 .

    If the trustee does not comply with a request, the Inspector-General may direct the trustee to do so. If the trustee does not comply with the direction, the Inspector-General may ask the Court to order compliance. Alternatively, the person who requested the information may ask the Court to order compliance with the request.




    This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.