Bankruptcy Act 1966
Note: See section 4A .
PART 2 - REGISTERING AND DISCIPLINING PRACTITIONERS Division 20 - Registering trustees Subdivision B - Registration SECTION 20-30 REGISTRATIONRegistration as trustee
20-30(1)
The Inspector-General must register the applicant as a trustee if:
(a) the committee has decided that the applicant should be registered; and
(b) the applicant has produced evidence in writing to the Inspector-General that the applicant has taken out:
(i) adequate and appropriate professional indemnity insurance; and
(ii) adequate and appropriate fidelity insurance;
against the liabilities that the applicant may incur working as a registered trustee; and
(c) the applicant has paid the registration fee determined by the Minister by legislative instrument.
20-30(2)
The Inspector-General registers an applicant by entering on the Register of Trustees the details relating to the applicant prescribed for the purposes of subsection 15-1(3) .
Registration subject to current conditions
20-30(3)
The registration is subject to the current conditions imposed on the registered trustee.
Certificate of registration
20-30(4)
After registering a person as a trustee, the Inspector-General must give the person a certificate of registration.
20-30(5)
The certificate may be given electronically.
Period of registration
20-30(6)
The registration has effect for 3 years.
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