Commonwealth Numbered Regulations

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Prescribed information to be supplied by Official Receiver to debtor

             (1)  For the purposes of subsections 54D(1), 55(3A), 56B(5) and 57(3A) of the Act, the following information is prescribed:

                     (a)  information about alternatives to bankruptcy;

                     (b)  information about the consequences of bankruptcy;

                     (c)  information about sources of financial advice and guidance to persons facing or contemplating bankruptcy;

                     (d)  information about a debtor's right to choose whether the bankruptcy is initially administered by a registered trustee or the Official Trustee;

                     (e)  a statement that it is an act of bankruptcy for a debtor to present to the Official Receiver, under section 54A of the Act, a declaration of intention to present a debtor's petition.

             (2)  The information must be factual and objective.

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