Commonwealth Numbered Regulations

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BANKRUPTCY REGULATIONS 2021 (F2021L00261) - REG 62

Controlling trustee to give Official Receiver copy of special resolution and certain particulars

Scope

             (1)  This section applies if:

                     (a)  under an authority under section 188 of the Act, a controlling trustee calls a meeting of a debtor's creditors; and

                     (b)  a special resolution is passed at the meeting under subsection 204(1) of the Act.

Information to be given to Official Receiver

             (2)  The controlling trustee must:

                     (a)  give to the Official Receiver:

                              (i)  a copy of the resolution; and

                             (ii)  written notice of the particulars specified in subsection (3); and

                     (b)  do so within 5 business days after the day the resolution is passed.

             (3)  The following particulars are specified:

                     (a)  the date of the resolution;

                     (b)  the debtor's full name and alias (if any);

                     (c)  the debtor's address;

                     (d)  the debtor's occupation (if any);

                     (e)  if the resolution requires the debtor to execute a personal insolvency agreement--the name of each person nominated under subsection 204(3) of the Act to be a trustee of the agreement.

Official Trustee not required to give information

             (4)  However, subsection (2) does not apply if the controlling trustee is the Official Trustee.

Offence

             (5)  A person commits an offence if:

                     (a)  the person is required to give notice, and a copy of a resolution, in accordance with subsection (2); and

                     (b)  the person fails to comply with the requirement.

Penalty:  1 penalty unit.

             (6)  An offence against subsection (5) is an offence of strict liability.



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