Commonwealth Numbered Regulations

BANKRUPTCY REGULATIONS 2021 (F2021L00261) - REG 67

             (1)  If the Court makes an order:

                     (a)  under subsection 222(1), (2) or (5) of the Act, setting aside a personal insolvency agreement; or

                     (b)  under subsection 222C(1) of the Act, terminating a personal insolvency agreement;

the applicant for the order must:

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

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

Persons not required to give copies

             (2)  However, subsection (1) does not apply if the applicant is:

                     (a)  the Official Trustee; or

                     (b)  the Inspector-General; or

                     (c)  a registered trustee.

Note:          If the Court makes an order setting aside or terminating a personal insolvency agreement and a registered trustee was the trustee of the agreement, the registered trustee must give written notice of the order to the Official Receiver (see subsection 224A(4) of the Act).

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.