Commonwealth Numbered Regulations

BANKRUPTCY REGULATIONS 2021 (F2021L00261) - 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.