Commonwealth Numbered Regulations

BANKRUPTCY REGULATIONS 2021 (F2021L00261) - REG 66

             (1)  If the Court makes a sequestration order under subsection 221(1), 222(10) or 222C(5) of the Act, the applicant for the order must:

                     (a)  give a copy of the order to the Official Receiver; and

                     (b)  do so within 2 business days after the order is made.

Official Trustee and Inspector-General not required to give copies

             (2)  However, subsection (1) does not apply if the applicant is the Official Trustee or the Inspector-General.

Offence

             (3)  A person commits an offence if:

                     (a)  the person is required to give a copy of an order to the Official Receiver in accordance with subsection (1); and

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

Penalty:  1 penalty unit.

             (4)  An offence against subsection (3) is an offence of strict liability.