Commonwealth Consolidated Regulations

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BANKRUPTCY REGULATIONS 2021 - REG 14

Control of debtor's property before sequestration

  (1)   If the Court gives a direction, or makes another order, under subsection   50(1) of the Act in relation to a debtor, the creditor who applied under subsection   50(1A) of the Act for the Court to make a direction must:

  (a)   serve the documents specified in subsection   (2) of this section on both of the following:

  (i)   the trustee who the Court has directed to take control of the debtor's property;

  (ii)   the Official Receiver; and

  (b)   do so within 2 business days after the Court gives the direction or makes the order as the case may be.

Note:   A direction under subsection   50(1) of the Act may be given to the Official Trustee or a registered trustee.

  (2)   The following documents are specified:

  (a)   a copy of the application;

  (b)   a copy of any affidavit filed in support of the application;

  (c)   a certified copy of the direction or order as the case may be.



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