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 B - Annual administration return  

SECTION 70-5   ANNUAL ADMINISTRATION RETURN   Application of this section

70-5(1)  
This section applies if a person is the trustee of a regulated debtor ' s estate during all or part of a financial year. Annual administration return to be lodged

70-5(2)  
The person must lodge a return in relation to the person ' s administration of that estate during that year or part of that year (as the case requires).

70-5(3)  
The return must:


(a) be in the approved form; and


(b) be lodged with the Inspector-General within 25 business days after the end of the financial year. Late lodgement fee payable

70-5(4)  
If the person does not lodge the return within the period mentioned in paragraph (3)(b), the person must pay a late lodgement fee, determined by the Minister by legislative instrument, by way of penalty.




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