Commonwealth Numbered Regulations

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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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