Commonwealth Consolidated Regulations

INSOLVENCY PRACTICE RULES (BANKRUPTCY) 2016 - RULE 65.1

    The following requirements are prescribed in relation to administration accounts of regulated debtors' estates for the purposes of paragraph   65 - 10(b) of the Insolvency Practice Schedule (Bankruptcy):

  (a)   the account must be held with an ADI;

  (b)   the account must be an interest - bearing account.