Commonwealth Consolidated Regulations

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INSOLVENCY PRACTICE RULES (BANKRUPTCY) 2016 - RULE 42.10

Trustees to act honestly and impartially

  (1)   A registered trustee must act honestly and impartially in relation to each administration.

  (2)   Without limiting subsection   (1), a registered trustee must not make or sign a document that the trustee knows, or ought reasonably to know, is false or misleading in a material particular.

  (3)   The trustee must not include in any document prepared by the trustee a clause that disclaims the trustee's responsibility for the document's authenticity.



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