Commonwealth Consolidated Regulations

BANKRUPTCY REGULATIONS 2021 - REG 53

  (1)   If the trustee of a regulated debtor's estate (other than the Official Trustee) finalises the administration of the debtor's estate, the trustee must:

  (a)   give the Official Receiver written notice of the finalisation; and

  (b)   do so within 5 business days after the day of the finalisation.

Offence

  (2)   A person commits an offence if:

  (a)   the person is required to give notice in accordance with subsection   (1); and

  (b)   the person fails to comply with the requirement.

Penalty:   1 penalty unit.

  (3)   An offence against subsection   (2) is an offence of strict liability.