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Bankruptcy Regulations 1996

Authoritative Version
  • - F2013C00285
  • In force - Superseded Version
  • View Series
SR 1996 No. 263 Regulations as amended, taking into account amendments up to Federal Circuit Court of Australia Legislation (Consequential Amendments) Regulation 2013 (No. 1)
Principal Regulations
Administered by: Attorney-General's
Registered 29 May 2013
Start Date 12 Apr 2013
End Date 31 Mar 2014

Commonwealth Coat of Arms

Bankruptcy Regulations 1996

Statutory Rules No. 263, 1996 as amended

made under the

Bankruptcy Act 1966

Compilation start date:                     12 April 2013

Includes amendments up to:            SLI No. 51, 2013

About this compilation

The compiled instrument

This is a compilation of the Bankruptcy Regulations 1996 as amended and in force on 12 April 2013. It includes any amendment affecting the compiled instrument to that date.

This compilation was prepared on 16 May 2013.

The notes at the end of this compilation (the endnotes) include information about amending Acts and instruments and the amendment history of each amended provision.

Uncommenced provisions and amendments

If a provision of the compiled instrument is affected by an uncommenced amendment, the text of the uncommenced amendment is set out in the endnotes.

Application, saving and transitional provisions for amendments

If the operation of an amendment is affected by an application, saving or transitional provision, the provision is identified in the endnotes.

Modifications

If a provision of the compiled instrument is affected by a textual modification that is in force, the text of the modifying provision is set out in the endnotes.

Provision ceasing to have effect

If a provision of the compiled instrument has expired or otherwise ceased to have effect in accordance with a provision of the instrument, details of the provision are set out in the endnotes.

 

  

  

  


Contents

Part 1—Preliminary                                                                                                             1

1.01....... Name of Regulations........................................................................... 1

1.02....... Commencement................................................................................... 1

1.03....... Interpretation....................................................................................... 1

1.04....... Application of Criminal Code............................................................. 4

Part 2—Administration                                                                                                      5

2.01....... Section 20J of the Act—prescribed rate of interest on moneys in Common Fund   5

Part 3—Courts                                                                                                                         6

3.01....... Paragraph 29(5)(b) of the Act—prescribed countries......................... 6

Part 4—Proceedings in connexion with bankruptcy                                        7

Division 1—Bankruptcy notices                                                                              7

4.01....... Application for bankruptcy notice....................................................... 7

4.02....... Form of bankruptcy notices................................................................ 7

4.02A.... Service of bankruptcy notices............................................................. 8

4.03....... Inspection of bankruptcy notices......................................................... 8

4.04....... Judgment or order in foreign currency................................................ 9

Division 2—Petitions                                                                                                   10

4.05....... Copy of petition, etc to be given to Official Receiver........................ 10

4.06....... Control of debtor’s property before sequestration............................. 10

4.07....... Expenses of trustee before sequestration........................................... 10

4.08....... Application for damages where petition dismissed........................... 12

4.09....... Subsection 50(5) of the Act—prescribed modifications of applied provisions         12

4.10....... Acceptance of debtor’s declaration.................................................... 13

4.11....... Prescribed information to be supplied by Official Receiver to debtor 13

4.12....... Debtor’s petition—filing of trustee’s consent................................... 14

4.13....... Notice to partners of referral to Court of petition by other partners against the partnership      15

Division 3—Miscellaneous                                                                                       16

4.14....... Notification by trustee to creditors.................................................... 16

4.15....... Exercise of proxy by trustee’s representative at meeting................... 16

4.16....... Lodgment of proxies by fax—section 64M of the Act...................... 16

4.17....... Inspection and copying of composition or scheme of arrangement... 16

4.18....... Proposal and report for a composition or arrangement...................... 17

4.19....... Meetings of creditors—modification of Division 5 of Part IV of the Act                17

Part 5—Control over person and property of debtors and bankrupts 18

5.01....... Where debtor or bankrupt is arrested................................................ 18

Part 6—Administration of property                                                                         19

Division 1—Order of payment of debts                                                            19

6.01....... Priority payments under section 109 of theAct—prescribed matters. 19

6.02....... Maximum amount payable to employee............................................ 19

Division 2—Property available for payment of debts                               21

6.03....... Household property.......................................................................... 21

6.03A.... Personal property.............................................................................. 22

6.03B.... Property divisible among creditors—prescribed amounts................. 23

Division 2A—Rural support schemes                                                                24

6.04A.... Prescribed rural support schemes (Act s 116)................................... 24

6.04B.... Prescribed rural support schemes (Act s 116)................................... 24

Division 4—Undervalued transactions                                                              26

6.09....... Transfers exempt from being void against trustee............................. 26

Division 5—Realisation of property                                                                   26

6.10....... Disclaimer of onerous property......................................................... 26

Division 6—Definition of income (Act s 139L)                                              27

6.11....... Interpretation..................................................................................... 27

6.12....... Fringe benefits: modification of the FBTA Act................................. 27

6.12A.... Restart scheme payments.................................................................. 28

6.12B.... Superannuation contributions............................................................ 28

6.12C.... Family assistance and social security payments................................ 30

6.12D.... Primary Industry rural support scheme............................................. 30

Division 7—Contributions by bankrupt                                                            31

6.13....... Interpretation..................................................................................... 31

6.14....... Contributions by bankrupt—modes of payment............................... 31

6.15....... Contributions where bankrupt dies................................................... 32

6.15A.... Contribution assessment—income of dependant............................... 32

6.17....... Certificate of outstanding contribution.............................................. 32

6.18....... Discharged bankrupt to give information if contribution unpaid....... 33

Division 8—Notice under section 139ZL of the Act                                   34

6.19....... Notice under section 139ZL of the Act not to refer to protected money 34

6.20....... Notice under section 139ZL of the Act (notice of ceasing or commencing employment)         34

Division 9—Distribution of property                                                                 35

6.21....... Minimum amount of dividend........................................................... 35

6.22....... Manner of declaring final dividend................................................... 35

Part 7—Discharge and annulment                                                                            36

7.01....... Trustee to inform the Official Receiver of return of bankrupt to Australia               36

7.01A.... Grounds of objection—failure to provide complete and accurate information          36

7.02....... Trustee to inform the Official Receiver of cancellation of objection.. 37

Part 8—Trustees                                                                                                                   38

Division 1—Application for registration, or extension of registration, as a trustee      38

8.01....... Documents to accompany application for registration....................... 38

8.02....... Qualifications, experience, knowledge and abilities of applicants..... 39

8.03....... Subsection 155C (2) of the Act—prescribed particulars of applicant for registration as a trustee            40

8.04....... Extension of registration—proof of insurance.................................. 41

Division 1A—Change in trustee’s particulars                                               41

8.04A.... Trustee to notify change in particulars............................................... 41

Division 2—Registration of trustees                                                                   42

Subdivision 1—Preliminary                                                                                  42

8.05....... Definitions........................................................................................ 42

Subdivision 2—Constitution and procedure of committees generally       42

8.05A.... Chairperson of a committee............................................................... 42

8.05B.... Trustee chosen by the Insolvency Practitioners Association of Australia 42

8.05C.... Resignation of chairperson................................................................ 43

8.05D.... Resignation of members.................................................................... 43

8.05E..... Disclosure of interests....................................................................... 43

8.05F..... Removal of members from a committee............................................ 43

8.05G.... Convening of a replacement committee............................................. 44

8.05H.... General procedures of a committee................................................... 44

8.05I...... Procedure at committee meetings...................................................... 45

8.05J..... Resolutions without meeting............................................................. 45

Subdivision 3—Inquiries and interviews                                                            46

8.05K.... Inquiries by the committee................................................................ 46

8.05L..... Notice of interview............................................................................ 46

8.05M... Applicant interviews......................................................................... 47

8.05N.... Report of committee decision............................................................ 48

Subdivision 4—Other matters                                                                               48

8.05O.... Confidentiality................................................................................... 48

8.05P..... Evidence of proceedings at committee meetings................................ 48

Division 3—Consent to act, and appointment, as trustee of estate    49

8.06....... Consent to act as trustee—subsection 156A(1) of the Act................ 49

8.06A.... Certificate of appointment under subsection 156A(3) of the Act...... 49

Division 4—Trustee’s remuneration                                                                  50

Subdivision 1—Prescribed rates—subsections 162(2) and (3) of Act          50

8.07....... Prescribed rate—subsection 162(2) of the Act.................................. 50

8.08....... Prescribed rate—subsection 162(3) of the Act.................................. 50

Subdivision 2—Trustee’s remuneration decided by Inspector‑General    50

8.09....... Circumstances in which trustee may apply to Inspector‑General to decide remuneration         50

8.10....... Application to Inspector‑General to decide remuneration.................. 51

8.11....... Matters to which Inspector‑General must have regard...................... 52

Subdivision 3—Remuneration of trustees—notices                                        53

8.12....... Notices.............................................................................................. 53

8.12A.... Initial remuneration notice................................................................. 53

8.12B.... Remuneration approval notice........................................................... 54

8.12C.... Remuneration claim notice................................................................ 55

Subdivision 4—Review of remuneration                                                           56

8.12D.... Review of remuneration.................................................................... 56

8.12E..... Application for review—remuneration.............................................. 57

8.12F..... Application threshold........................................................................ 57

8.12G.... Notification of decision..................................................................... 58

Subdivision 5—Review of bill of costs                                                                59

8.12H.... Review of bill of costs...................................................................... 59

8.12I...... Application for review—third party bill of costs............................... 59

Subdivision 6—Review by Inspector‑General                                                  60

8.12J..... Review by Inspector‑General............................................................ 60

8.12K.... How review to be conducted............................................................. 60

8.12L..... Powers of Inspector‑General............................................................ 60

8.12M... Non‑compliance with directions........................................................ 62

8.12N.... Decision of Inspector‑General.......................................................... 62

8.12O.... Repayments of excess....................................................................... 63

Division 5—Registered trustee ceasing to be trustee of an estate      63

8.13....... Notice of removal of trustee of estate................................................ 63

8.14....... Notice of finalisation of administration; entry on the Index............... 64

Division 6—Variation and termination of registration                            65

Subdivision 1—Preliminary                                                                                  65

8.15....... Definitions........................................................................................ 65

8.16....... Documents to accompany application for change or removal of conditions             65

Subdivision 2—Constitution and procedure of committees generally       65

8.17....... Chairperson of a committee............................................................... 65

8.18....... Trustee chosen by the Insolvency Practitioners Association of Australia 66

8.19....... Resignation of chairperson................................................................ 66

8.20....... Resignation of members.................................................................... 66

8.21....... Disclosure of interests....................................................................... 66

8.22....... Removal of members from a committee............................................ 67

8.23....... Convening of a replacement committee............................................. 67

8.24....... General procedures of a committee................................................... 68

8.25....... Procedure at committee meetings...................................................... 68

8.26....... Resolutions without meeting............................................................. 69

Subdivision 3—Inquiries and interviews                                                            69

8.27....... Inquiries by the committee................................................................ 69

8.28....... Notice of interview (Act s 155E(6)).................................................. 70

8.29....... Change of conditions on practising as a registered trustee—interview 70

8.30....... Involuntary termination of registration—interview........................... 71

8.31....... Report of committee decision............................................................ 72

Subdivision 4—Other committee‑related matters                                           72

8.32....... Confidentiality................................................................................... 72

8.33....... Evidence of proceedings at committee meetings................................ 72

8.34....... Time for deciding matters (Act s 155I(1))......................................... 72

Subdivision 4A—Standards for trustees                                                             73

8.34A.... Performance standards for trustees (including controlling trustees).. 73

Subdivision 5—Controlling trustees other than Official Trustee or registered trustees              73

8.35....... Eligibility of controlling trustees, other than Official Trustee or registered trustees  73

8.36....... Review by Tribunal of determination under subregulation 8.35(2)... 75

8.37....... Official Trustee to perform duties..................................................... 75

Part 9—Debt agreements                                                                                                76

9.01....... Prescribed information to be supplied to the debtor.......................... 76

9.02....... Qualifications of applicants............................................................... 77

Part 10—Personal insolvency agreements                                                            78

10.01..... Modifications of Part X of the Act—joint debtors............................ 78

10.02..... Information to be given to debtor (Act ss 188(2AA) and (2AB))..... 78

10.03..... Documents under section 188 of Act................................................ 79

10.04..... Documents for meeting called under an authority under section 188 of the Act       80

10.05..... Modifications of Division 5 of Part IV of theAct—meetings called under authorities under section 188 of the Act.......................................................................................................... 81

10.06..... Controlling trustee to give Official Receiver copy of special resolution and certain particulars for the Index           81

10.07..... Modifications of Part VIII of the Act—controlling trustees and trustees of personal insolvency agreements          81

10.08..... Modifications of Division 1 of Part V of the Act—debtors whose property is subject to control under Division 2 of Part X of the Act............................................................................... 82

10.09..... Meeting if trustee does not execute personal insolvency agreement.. 82

10.10..... Notification of personal insolvency agreement.................................. 82

10.11..... Sequestration order, or order terminating or setting aside a personal insolvency agreement—notice to Official Receiver (Act s 221, s 222 and s 222C).......................................................... 83

10.12..... Termination of personal insolvency agreement by trustee (Act s 222A)  83

10.13..... Modifications of Parts V and VI of the Act—personal insolvency agreements       84

10.14..... Certificate relating to realisation of divisible property and non‑availability of dividend            84

Part 11—Administration of estates of deceased persons in bankruptcy  85

11.01..... Statement of affairs and of administration of estate........................... 85

11.01A.. Copy of petition etc to be given to Official Receiver......................... 86

11.01B.. Proof of statement of affairs.............................................................. 87

11.02..... Modifications of the Act—administration of estates of deceased persons                87

Part 12—Unclaimed dividends or moneys                                                            88

12.01..... Statement where moneys are paid to the Commonwealth.................. 88

Part 13—National Personal Insolvency Index                                                    89

Division 1—Preliminary                                                                                            89

13.01..... Interpretation..................................................................................... 89

13.02..... Establishment and maintenance of the National Personal Insolvency Index             89

Division 2—Information to be entered on the Index                                 90

13.03..... What information is to be entered on the Index?............................... 90

13.04..... Application for certain information not to be on the Index................ 92

13.05..... Application to the AAT..................................................................... 93

Division 3—Miscellaneous                                                                                       94

13.06..... Inspection of the Index...................................................................... 94

13.07..... Extract, etc of the Index to be admissible in evidence........................ 95

13.08..... Immunity from defamation................................................................ 95

13.09..... Access to the Index........................................................................... 96

13.10..... Information extracted from the Index to be evidence......................... 96

Part 14—Offences under the Act                                                                               97

Division 1—Offences                                                                                                   97

14.01..... Apprehension under a warrant—notification to Registrar in certain cases                97

14.02..... Registrar to act on notification; direction to person executing warrant 97

Division 2—Infringement notices                                                                         98

14.03..... Purpose and effect of Division.......................................................... 98

14.04..... Definitions........................................................................................ 98

14.05..... When infringement notices can be issued.......................................... 99

14.06..... Contents of infringement notice........................................................ 99

14.07..... Method of serving infringement notices.......................................... 100

14.08..... Time for payment of infringement penalty...................................... 101

14.09..... Extension of time to pay infringement penalty................................ 101

14.10..... Withdrawal of infringement notice.................................................. 102

14.11..... Notice of withdrawal of infringement notices................................. 103

14.12..... Refund of infringement penalty....................................................... 103

14.13..... Effect of payment of infringement penalty...................................... 103

14.14..... Payment of infringement penalty—cheques.................................... 104

14.15..... Evidentiary certificates.................................................................... 104

Part 15A—Provisions relating to the Bankruptcy Charges Acts         105

15A.01.. Interpretation................................................................................... 105

15A.02.. Mode of payment............................................................................ 105

15A.03.. Overpayments to be refunded or offset........................................... 105

15A.04.. Information to accompany payment of interest charge.................... 106

15A.05.. Information to accompany payment of realisations charge.............. 106

15A.07.. Lodgment of request for remission................................................. 106

Part 16—Miscellaneous                                                                                                  107

Division 1—Provisions concerning documents (including inventories)  107

16.01..... Service of documents...................................................................... 107

16.02..... Documents for the Inspector‑General, the Official Receiver or the Official Trustee 108

16.03..... Inventory by trustee taking possession of, or attaching, property... 109

16.03A.. Document filed by Inspector‑General or Official Receiver—fee not payable           109

Division 2—Matters relevant to fees                                                                110

16.06..... Payment of fees............................................................................... 110

16.07..... Official Trustee’s entitlement to interim remuneration..................... 110

16.08..... Reimbursement of Official Trustee for expenses............................ 111

16.09..... Fees—notes and transcript of evidence........................................... 111

16.11..... Waiver or remission of fees by Inspector‑General.......................... 112

16.12..... Review by AAT of decision of Inspector‑General.......................... 112

Division 3—Transitional                                                                                         113

16.13..... Application of Same‑Sex Relationships (Equal Treatment in Commonwealth Laws—General Law Reform) Act 2008........................................................................................................ 113

Schedule 1—Forms                                                                                                   114

Schedule 2—Modifications under section 76A of the Act—meetings of creditors under Division 6 of Part IV of the Act                                  115

Schedule 3—Paragraph 109(1)(a) of the Act—order of payment of first priority debts                                                                                                                       124

Schedule 4—Modifications of the Fringe Benefits Tax Assessment Act 1986        126

Schedule 4A—Performance standards for trustees (including controlling trustees)   137

Part 1—Preliminary                                                                                                         137

1.1......... Purpose........................................................................................... 137

1.2......... Definitions...................................................................................... 138

Part 2—General standards                                                                                          140

Division 2.1—Application                                                                                       140

2.1......... Application of Part 2....................................................................... 140

Division 2.2 —General                                                                                             141

2.2......... Duty to act honestly and impartially................................................ 141

2.3......... Conflict of interest........................................................................... 141

2.4......... Use of information relating to an administration............................. 141

2.5......... Compliance with standards by trustee’s employees........................ 142

2.6......... Preliminary inquiries and actions.................................................... 142

2.7......... Investigation of matters affecting administration............................. 143

Division 2.3—Assets                                                                                                  144

2.8......... Realising assets............................................................................... 144

2.9......... Ownership or interests in assets...................................................... 144

2.10....... Obtaining advice about interest or value.......................................... 144

2.11....... Disposal of property....................................................................... 144

2.12....... Records........................................................................................... 144

Division 2.4—Remuneration and costs                                                           146

2.13....... Costs incurred to be necessary and reasonable................................ 146

2.14....... Receipt of moneys as trustee’s remuneration.................................. 146

2.15....... Rate for tasks undertaken by trustee’s staff..................................... 146

2.16....... Records........................................................................................... 146

Division 2.5 —Files and access to information                                            147

2.17....... File maintenance.............................................................................. 147

2.18....... Provision of information to creditors.............................................. 147

Division 2.6 —Meetings of creditors                                                                 148

2.19....... Need for meeting............................................................................. 148

2.20....... Matters to be considered when holding a meeting........................... 148

2.21....... Attendance at meeting..................................................................... 148

2.22....... President’s duties at creditors’ meeting........................................... 148

2.23....... Attendance of Inspector–General at meetings................................. 149

Division 2.7 —Trustee’s accounts                                                                      150

2.24....... Records of accounts........................................................................ 150

2.25....... Verifying payments and transfers................................................... 150

2.26....... Cash book....................................................................................... 150

Part 3—Standards for trustees other than controlling trustees             151

Division 3.1—Application                                                                                       151

3.1......... Application of Part 3....................................................................... 151

Division 3.2 —Reporting to creditors                                                              152

3.2......... Notification of administration.......................................................... 152

Division 3.3—Creditors’ claims                                                                          153

3.3......... Provable debts in a joint administration........................................... 153

3.4......... Evidence relating to proof of debt................................................... 153

3.5......... Evidence of liability for debt........................................................... 153

Division 3.4—Distribution of dividends                                                          154

3.6......... Creditors’ views to be considered................................................... 154

3.7......... Distribution of estate funds............................................................. 154

3.8......... Advice relating to dividends and administration.............................. 154

3.9......... Records........................................................................................... 154

Part 4—Standards for trustees of bankrupt estates                                     156

Division 4.1—Application                                                                                       156

4.1......... Application of Part 4....................................................................... 156

Division 4.2—Assets                                                                                                  157

4.2......... Identifying assets for vesting.......................................................... 157

4.3......... Protecting certain assets.................................................................. 157

Division 4.3 —Contributions                                                                                 158

4.4......... Application of Division 4.3............................................................. 158

4.5......... Income and contribution assessment............................................... 158

4.6......... Monitoring payment of contributions.............................................. 158

Part 5—Standards for controlling trustees                                                        159

5.1......... Application of Part 5....................................................................... 159

5.2......... Notification of administration.......................................................... 159

5.3......... Investigating debtor’s property and income.................................... 159

5.4......... Report to creditors........................................................................... 159

5.5......... Records........................................................................................... 160

5.6......... Voting at creditors’ meeting............................................................ 160

Schedule 6—Modifications in relation to Part X of the Act  161

Part 1—Modifications of Part X of the Act—joint debtors                     161

Part 2—Modifications of Division 5 of Part IV of the Act—meetings called under authorities under section 188 of the Act                                                                                    166

Part 3—Modifications of Part VIII of the Act—controlling trustees and trustees of personal insolvency agreements                                                                                                          172

Part 4—Modifications of Division 1 of Part V of the Act—debtors whose property is subject to control under Division 2 of Part X of the Act                                                175

Part 5—Modification under subsection 231(1) of the Act—personal insolvency agreements     176

Part 6—Modifications under subsection 231(3) of the Act—personal insolvency agreements   177

Part 7—Modification under subsection 231(5) of the Act—trustees of personal insolvency agreements                                                                                                                                    183

Schedule 7—Modifications under Part XI of the Act—administration of estates of deceased persons                                                                         184

Schedule 8—Information on the National Personal Insolvency Index      208

Endnote 1—Legislation history                                                                           227

Endnote 2—Amendment history                                                                         229

Endnote 3—Uncommenced amendments [none]                                        244

Endnote 4—Misdescribed amendments [none]                                           245

 


Part 1Preliminary

  

1.01  Name of Regulations

                   These Regulations are the Bankruptcy Regulations 1996.

1.02  Commencement

                   These Regulations commence on 16 December 1996.

Note:          This date is the date of commencement of Schedules 1 and 2 to the Bankruptcy Legislation Amendment Act 1996.

1.03  Interpretation

             (1)  In these Regulations, unless the contrary intention appears:

1985 Rural Adjustment Grant Scheme means a scheme established and operated by a State or the Northern Territory in accordance with:

                     (a)  the agreement between the Commonwealth, the States and the Northern Territory the execution of which, on behalf of the Commonwealth, was approved by the States and Northern Territory Grants (Rural Adjustment) Act 1985; or

                     (b)  that agreement as subsequently amended.

1988 Rural Adjustment Grant Scheme means a scheme established and operated by a State or the Northern Territory in accordance with:

                     (a)  an agreement between the Commonwealth and that State or Territory whose execution, on behalf of the Commonwealth, was approved by the States Grants (Rural Adjustment) Act 1988; or

                     (b)  that agreement as subsequently amended.

Act means the Bankruptcy Act 1966.

commencement date means 16 December 1996.

contribution assessment period has the meaning given by section 139K of the Act.

CPI rate, in relation to a financial year, means the annual average of the All Groups Consumer Price Index number, being the weighted average of the 8 capital cities, published by the Australian Statistician in respect of the quarters in the year.

Criminal Code means the Criminal Code set out in the Schedule to the Criminal Code Act 1995, being that Code as amended from time to time.

DEP scheme means the scheme mentioned in section 52C of the Farm Household Support Act 1992.

farm help re‑establishment grant scheme means the scheme mentioned in section 52A of the Farm Household Support Act 1992.

FC (Bankruptcy) Rules means the Federal Court (Bankruptcy) Rules 2005.

FCC (Bankruptcy) Rules means the Federal Circuit Court (Bankruptcy) Rules 2006.

Fees and Remuneration Determination means each determination made under subsection 316(1) of the Act, as in force from time to time.

registered liquidator has the meaning given by the Corporations Law.

Rural Adjustment Grant Scheme means a scheme established and operated by a State or the Northern Territory in accordance with:

                     (a)  the agreement between the Commonwealth and the States the execution of which, on behalf of the Commonwealth, was approved by the States Grants (Rural Adjustment) Act 1976; or

                     (b)  that agreement as subsequently amended, including that agreement as amended by:

                              (i)  the agreement between the Commonwealth, the States and the Northern Territory the execution of which, on behalf of the Commonwealth, was approved by the States and Northern Territory Grants (Rural Adjustment) Act 1979; or

                             (ii)  that agreement as subsequently amended.

Rural Adjustment Scheme has the meaning given by section 4 of the Rural Adjustment Act 1992.

Rural Reconstruction Grant Scheme means a scheme established and operated by a State in accordance with:

                     (a)  the agreement between the Commonwealth and the States the execution of which, on behalf of the Commonwealth, was approved by the States Grants (Rural Reconstruction) Act 1971; or

                     (b)  that agreement as subsequently amended.

rural support scheme has the meaning given by subsection 5(1) of the Act.

Sugar Industry Reform Program means the scheme known as the Sugar Industry Reform Program 2004 made under the Sugar Industry Reform Program Guidelines as in force on 29 April 2004, administered by the Department of Agriculture, Fisheries and Forestry.

Tobacco Grower Adjustment Assistance Package means the scheme known as the Tobacco Grower Adjustment Assistance Package 2006 made under the Tobacco Grower Adjustment Assistance Package Guidelines as in force on 2 March 2007, administered by the Department of Agriculture, Fisheries and Forestry.

taxing officer has the same meaning as in section 167 of the Act.

the court, in relation to a judgment or order, means the court by which the judgment was given or the order was made.

the Index means the National Personal Insolvency Index established by subregulation 13.02(1).

working day, in or in relation to a particular place, means a day that is not:

                     (a)  a public holiday or a bank holiday in that place; or

                     (b)  a Saturday or a Sunday.

             (2)  A reference in these Regulations to a form of a specified number is a reference to the form of that number in Schedule 1.

1.04  Application of Criminal Code

                   Chapter 2 of the Criminal Code applies to offences against these Regulations.

Note:          Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

Part 2Administration

  

2.01  Section 20J of the Act—prescribed rate of interest on moneys in Common Fund

                   For the purposes of section 20J of the Act, the prescribed rate of interest is 7 percent per year.

Note:          This rate is prescribed under subsections 20J(2) and (4) of the Act.

Part 3Courts

  

3.01  Paragraph 29(5)(b) of the Act—prescribed countries

                   For the purposes of subsection 29(5) of the Act, each of the countries specified in the following table is prescribed:

 

Table

Jersey

Singapore

Malaysia

Switzerland

Papua New Guinea

United States of America

 

Part 4Proceedings in connexion with bankruptcy

Division 1Bankruptcy notices

4.01  Application for bankruptcy notice

             (1)  Subject to subregulation (2), to apply for the issue of a bankruptcy notice, a person must lodge with the Official Receiver:

                     (a)  an application in the approved form; and

                     (b)  1 of the following documents in relation to the final judgment or final order specified by the person on the approved form:

                              (i)  a copy of the sealed or certified judgment or order;

                             (ii)  a certificate of the judgment or order sealed by the court or signed by an officer of the court;

                            (iii)  a copy of the entry of the judgment or order certified as a true copy of that entry and sealed by the court or signed by an officer of the court.

             (2)  If the final judgment or final order specified by the person on the approved form is an award mentioned in paragraph 40(3)(a) of the Act, the person must lodge with the Official Receiver:

                     (a)  an application in the approved form; and

                     (b)  a copy of the award certified as a true copy by the arbitrator who made the award or, failing the arbitrator, by an officer of the Court after having compared the copy with the original award; and

                     (c)  a sealed or certified copy of the order giving leave to enforce the award.

Note 1:       For bankruptcy notices, see regulation 4.02 and Form 1.

Note 2:       A fee is payable to the Official Registrar for an application under this regulation—see Fees and Remuneration Determination.

4.02  Form of bankruptcy notices

             (1)  For the purposes of subsection 41(2) of the Act, the form of bankruptcy notice set out in Form 1 is prescribed.

             (2)  A bankruptcy notice must follow Form 1 in respect of its format (for example, bold or italic typeface, underlining and notes).

             (3)  Subregulation (2) is not to be taken as expressing an intention contrary to section 25C of the Acts Interpretation Act 1901.

Note:          Under section 25C of the Acts Interpretation Act 1901, where an Act prescribes a form, then, unless the contrary intention appears, strict compliance with the form is not required and substantial compliance is sufficient; see also paragraph 46(1)(a) of that Act for the application of that Act to legislative instruments other than Acts.

4.02A  Service of bankruptcy notices

                   A bankruptcy notice must be served within:

                     (a)  the period of 6 months commencing on the date of issue of the bankruptcy notice; or

                     (b)  any further period that the Official Receiver allows (whether within or outside that period of 6 months).

Note 1:       If paragraph (b) applies to a bankruptcy notice, a fee is payable under the Fees and Remuneration Determination.

Note 2:       A bankruptcy notice may be served by any of the methods mentioned in regulation 16.01.

4.03  Inspection of bankruptcy notices

             (1)  Subject to subregulation (2), the only persons who may inspect a bankruptcy notice lodged with the Official Receiver are:

                     (a)  a person specified in the notice; and

                     (b)  a party to a proceeding to which the notice relates; and

                     (c)  a solicitor acting for a person mentioned in paragraph (a) or (b).

             (2)  If a creditor’s petition is presented that is founded on an act of bankruptcy consisting of failure to comply with a bankruptcy notice, that notice (as lodged with the Official Receiver) is open to public inspection.

4.04  Judgment or order in foreign currency

             (1)  This regulation applies to a bankruptcy notice if the judgment or order lodged under subregulation 4.01(1) in relation to the notice is expressed in an amount of foreign currency (whether or not the judgment or order is also expressed in an amount of Australian currency).

             (2)  A bankruptcy notice to which this regulation applies must:

                     (a)  contain a statement to the effect that payment of the amount of foreign currency expressed in the judgment or order may be paid in that foreign currency or by means of a specified amount of Australian currency that is stated to be equivalent to the amount of foreign currency; and

                     (b)  set out:

                              (i)  the applicable rate of exchange, being the rate worked out in accordance with subregulation (3); and

                             (ii)  the conversion calculation; and

                            (iii)  a statement that the conversion of the amount of foreign currency into Australian currency has been made in accordance with this regulation.

             (3)  For paragraph (2)(b), the conversion of an amount of foreign currency into an equivalent amount of Australian currency must be done in accordance with the telegraphic rate of exchange prevailing on the second day before the day when the application to which the conversion applies is lodged under subregulation 4.01(1).

Division 2Petitions

4.05  Copy of petition, etc to be given to Official Receiver

             (1)  A creditor who presents a petition under Division 2 of Part IV of the Act must, within 2 working days after the petition is endorsed by the Court, give an endorsed copy of the petition to the Official Receiver.

             (3)  A creditor who presents a petition under Division 2 of Part IV of the Act must give a copy of any order, endorsed by the Court, dismissing, staying or extending the petition, or adjourning the hearing of the petition, to the Official Receiver within 2 working days after the Court has endorsed the order.

4.06  Control of debtor’s property before sequestration

             (1)  Where the Court makes a direction or other order under subsection 50(1) of the Act, the creditor who applied for the direction or other order must, within 7 days, serve the following documents in accordance with subregulation (2):

                     (a)  a copy of the application;

                     (b)  a copy of any affidavit filed in support of the application;

                     (c)  a certified copy of the direction or other order.

             (2)  The documents must be served:

                     (a)  on the trustee who the Court has directed to take control of the debtor’s property; and

                     (b)  except where that person is the Official Trustee—on the Official Receiver.

4.07  Expenses of trustee before sequestration

             (1)  Where:

                     (a)  the Court makes a direction or other order under subsection 50(1) of the Act; and

                     (b)  the amount deposited, in accordance with the direction or other order of the Court, with the Official Trustee or a registered trustee is insufficient to meet the fees and expenses incurred by the Official Trustee or registered trustee:

                              (i)  as a result of the direction or other order; or

                             (ii)  in carrying out an examination of a person as a result of the issue of a summons under subsection 50(2) of the Act;

the Official Trustee or registered trustee may:

                     (c)  request the creditor who made the application under subsection 50(1) of the Act; or

                     (d)  apply to the Court for an order directing that creditor;

to deposit with the Official Trustee or the registered trustee a specified additional sum.

             (2)  Where the Court, under section 50 of the Act, directs the Official Trustee or a registered trustee to take control of the property of a debtor, and subsequently any of the following events occurs:

                     (a)  the debtor enters into a personal insolvency agreement, or the debtor’s estate is administered under Part XI of the Act, and the Court authorises the Official Trustee or the registered trustee to transfer the property to some other person;

                     (b)  a sequestration order is made against the debtor;

                     (c)  the creditor’s petition against the debtor is dismissed;

                     (d)  a debtor’s petition relating to the debtor is accepted by the Official Receiver;

                     (e)  a proposal by the debtor relating to a debt agreement is accepted under section 185B of the Act;

the creditor is entitled to a refund of the amount deposited by him or her in accordance with the direction or other order of the Court to meet the fees and expenses of the Official Trustee or the registered trustee incurred:

                      (f)  as a result of the direction; or

                     (g)  in carrying out an examination of a person as the result of the issue of a summons;

less the amount of any fees or expenses so incurred.

4.08  Application for damages where petition dismissed

                   Where:

                     (a)  the Court has made a direction or other order under subsection 50(1) of the Act; and

                     (b)  the creditor’s petition against the debtor is subsequently dismissed;

the debtor may, within 21 days after the day on which the petition is dismissed, apply to the Court for an order for:

                     (c)  the assessment of the amount of any damage resulting from the control of the property of the debtor by the Official Trustee or a registered trustee in accordance with the order; and

                     (d)  the payment by the creditor to the debtor of an amount so assessed.

4.09  Subsection 50(5) of the Act—prescribed modifications of applied provisions

                   For the purposes of subsection 50(5) of the Act, section 81 of the Act is modified as follows:

                     (a)  by omitting from subsection (2) ‘An’ and substituting ‘Subject to subsection (2A), an’;

                     (b)  by inserting after subsection (2) the following subsection:

                         ‘(2A)  The Court or a magistrate may direct that an examination, or any part of an examination, under this section shall be held in private.’;

                     (c)  by omitting from subsection (9) ‘is the trustee’ and substituting ‘has been directed to take control of the property of the debtor’;

                     (d)  by omitting subsection (10A);

                     (e)  by omitting subsection (14) and substituting the following subsections:

                         ‘(14)  Subject to subsection (14A), the applicant for an examination under this section is to pay the costs incurred in connection with the examination.

                       ‘(14A)  The Court or a magistrate may order that all or some of the costs mentioned in subsection (14) are to be paid by the debtor.’.

4.10  Acceptance of debtor’s declaration

                   Where, under paragraph 54C(a) of the Act, the Official Receiver accepts and signs a declaration, the Official Receiver must give a copy of the signed declaration to the debtor.

4.11  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 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.

             (3)  The Official Receiver must not accept a declaration of intention to present a debtor’s petition under section 54A of the Act or a debtor’s petition under section 55, 56B or 57 of the Act unless the debtor has given to the Official Receiver a signed acknowledgement (which may be included in or appended to the petition) that the debtor has received and read the prescribed information.

             (4)  If the debtor presents a petition without having given the acknowledgement, the Official Receiver must:

                     (a)  if the debtor presents the petition in person—give the prescribed information to the debtor; or

                     (b)  if the debtor presents the petition by post—post the prescribed information to the debtor.

             (5)  Subregulation (6) applies if a person (the intending petitioner) intends to present a petition under Division 2 of Part IV of the Act and the intending petitioner is:

                     (a)  unable to read the relevant material, because he or she is:

                              (i)  blind, partially sighted, illiterate or partially literate; or

                             (ii)  insufficiently familiar with the English language; or

                     (b)  unable to sign the petition or the acknowledgment, because of a physical incapacity.

             (6)  The petition and the acknowledgement may be signed by another person, who must sign a statement:

                     (a)  if subparagraph (5)(a)(i) applies—that he or she has read the relevant material to the intending petitioner; or

                     (b)  if subparagraph (5)(a)(ii) applies—that he or she has interpreted the relevant material to the intending petitioner in a language with which both persons are familiar; or

                     (c)  if paragraph (5)(b) applies—that he or she believes that the intending petitioner has read and understood the relevant material.

             (7)  In this regulation:

relevant material means the petition, the prescribed information and the acknowledgment.

4.12  Debtor’s petition—filing of trustee’s consent

                   Where:

                     (a)  a debtor presents, or 2 or more debtors present, a petition to the Official Receiver under section 55, 56B or 57 of the Act; and

                     (b)  there is in force under section 156A of the Act the consent of a registered trustee to act as the trustee of:

                              (i)  the estate of the debtor; or

                             (ii)  in the case of 2 or more debtors—the separate estates, the joint estates, or the joint and separate estates, of the debtors or any of them;

the petition to the Official Receiver must have with it the original, or a clearly legible photocopy, of the instrument of consent.

4.13  Notice to partners of referral to Court of petition by other partners against the partnership

             (1)  Notice by the Official Receiver under subsection 56C(2) of the Act must:

                     (a)  be in writing; and

                     (b)  state that the petition has been referred to the Court specified in the notice; and

                     (c)  state the date, time and place of hearing of the petition.

             (2)  The Official Receiver must give the notice:

                     (a)  at least 7 days before that date; and

                     (b)  in accordance with regulation 16.01;

to each member to whom, under that subsection, it is required to be given.

Division 3Miscellaneous

4.14  Notification by trustee to creditors

             (1)  The trustee of a person who becomes bankrupt must, within 28 days after the day on which the trustee receives the bankrupt’s statement of affairs, give to each creditor of the bankrupt:

                     (a)  a notice stating the fact and date of the bankruptcy; and

                     (b)  a summary of the statement of affairs of the bankrupt.

             (2)  If the trustee does not receive the statement of affairs within 60 days after the date of bankruptcy, he or she must give notice in writing to each creditor of the bankrupt of whom the trustee is aware:

                     (a)  stating that the trustee has not received the statement of affairs; and

                     (b)  setting out what the trustee knows of the bankrupt’s affairs.

4.15  Exercise of proxy by trustee’s representative at meeting

                   A person appointed under subsection 63B(1) of the Act to represent a trustee at a meeting may exercise at the meeting any proxy exercisable by the trustee at the meeting.

4.16  Lodgment of proxies by fax—section 64M of the Act

                   For the purposes of section 64M of the Act:

                     (a)  an instrument appointing a proxy may be lodged with the trustee by facsimile transmission; and

                     (b)  an instrument so lodged may be circulated by the trustee under subsection 64M(2) of the Act.

4.17  Inspection and copying of composition or scheme of arrangement

                   Where a proposal for a composition or scheme of arrangement in relation to a bankrupt has been accepted under subsection 73(4) of the Act the person may, personally or by an agent, inspect and copy the composition or scheme of arrangement.

Note:          Except in the case of a person who states in writing that he or she is a person who is a creditor of the bankrupt, a fee is payable under the Fees and Remuneration Determination.

4.18  Proposal and report for a composition or arrangement

                   Where a trustee is required, under subsection 73(2) of the Act, to send a copy of a proposal and a report to creditors before a meeting, the trustee must send those documents to each creditor so that they arrive, or should in due course of post arrive, at least 7 days before the meeting.

4.19  Meetings of creditors—modification of Division 5 of Part IV of the Act

                   For the purposes of section 76A of the Act, Division 5 of Part IV of the Act is modified in accordance with Schedule 2 in relation to meetings of creditors under Division 6 of that Part.

Part 5Control over person and property of debtors and bankrupts

  

5.01  Where debtor or bankrupt is arrested

                   Where a person is arrested under section 78 of the Act, the arresting officer must immediately notify a Registrar of the arrest.

Part 6Administration of property

Division 1Order of payment of debts

6.01  Priority payments under section 109 of theAct—prescribed matters

             (1)  Payment of proceeds of the property of a bankrupt under paragraph 109(1)(a) of the Act is to be in the order set out in Schedule 3.

             (2)  For the purposes of item 5 of Schedule 3:

                     (a)  a reference to the petitioning creditor is taken to include a reference to a petitioner whose petition has not been proceeded with because of the acceptance of the debtor’s petition; and

                     (b)  paragraph (a) applies irrespective of whether the debtor’s petition was referred to the Court under subsection 55(3B) of the Act or, if the petition was so referred, the outcome of the reference.

6.02  Maximum amount payable to employee

             (1)  For the purposes of paragraph 109(1)(e) of the Act, the maximum amount due to or in respect of an employee of a bankrupt is:

                     (a)  in the case of a bankruptcy occurring or continuing in the period commencing on the commencement date and ending at the end of 30 June 1997—$3,100; or

                     (b)  in the case of a bankruptcy occurring in a financial year commencing on 1 July 1997 or on 1 July of a subsequent year—the amount worked out in accordance with subregulation (2).

             (2)  For the purposes of subparagraph (1)(b), the applicable amount is:

                     (a)  in the case of the financial year commencing on 1 July 1997—$3,100 increased in accordance with the CPI rate for the financial year that commenced on 1 July 1996 and rounded down to the nearest multiple of $50; and

                     (b)  in the case of a subsequent financial year—the amount worked out in accordance with this subregulation for the immediately preceding financial year, increased in accordance with the CPI rate for that financial year and rounded down to the nearest multiple of $50.

Example:    In the case of a bankruptcy occurring in the financial year 1997‑1998, the applicable CPI rate is the rate for 1996‑1997.

Note:          For the meaning of financial year, see para. 22(1)(e) of the Acts Interpretation Act 1901.

Division 2Property available for payment of debts

6.03  Household property

             (1)  For the purposes of subparagraph 116(2)(b)(i) of the Act, household property of the bankrupt specified in this regulation is household property to which subsection 116(1) of the Act (which deals with property divisible among the creditors) does not extend.

             (2)  Subsection 116(1) of the Act does not extend to household property (including recreational and sports equipment) that is reasonably necessary for the domestic use of the bankrupt’s household, having regard to current social standards.

             (3)  In particular (but without limiting by implication the generality of subregulation (2)), subsection 116(1) of the Act does not extend to property of the following kinds:

                     (a)  in the case of kitchen equipment, cutlery, crockery, foodstuffs, heating equipment, cooling equipment, telephone equipment, fire detectors and extinguishers, anti‑burglar devices, bedding, linen, towels and other household effects—that property to the extent that it is reasonably appropriate for the household, having regard to the criteria mentioned in subregulation (4);

                     (b)  sufficient household furniture;

                     (c)  sufficient beds for the members of the household; and

                     (d)  educational, sporting or recreational items (including books) that are wholly or mainly for the use of children or students in the household;

                     (e)  1 television set;

                      (f)  1 set of stereo equipment;

                     (g)  1 radio;

                     (h)  either:

                              (i)  1 washing machine and 1 clothes drier; or

                             (ii)  1 combined washing machine and clothes drier;

                      (i)  either:

                              (i)  1 refrigerator and 1 freezer; or

                             (ii)  1 combination refrigerator/freezer;

                      (j)  1 generator, if relied on to supply electrical power to the household;

                     (k)  1 telephone appliance;

                      (l)  1 video recorder.

             (4)  For the purposes of deciding whether property, other than property of a kind mentioned in paragraphs (3)(b) to (l) (both inclusive), is property to which subregulation (2) applies, regard must be had to the following criteria:

                     (a)  the number and ages of members of the bankrupt’s household;

                     (b)  any special health or medical needs of any of those members;

                     (c)  any special climatic or other factors (including geographical isolation) of the place where the household residence is located;

                     (d)  whether the property is reasonably necessary for the functioning or servicing of the household as a viable and properly run household;

                     (e)  whether the costs of seizure, storage and sale of the property would be likely to exceed the sale price of the property;

                      (f)  if paragraph (e) does not apply—whether for any other reason (for example, costs of transport) the sale of the property would be likely to be uneconomical.

             (5)  The preceding provisions of this regulation do not prevent subsection 116(1) of the Act from extending to antique items.

             (6)  For the purposes of subregulation (5), an item is taken to be antique if, and only if, a substantial part of its market value is attributable to its age or historical significance.

6.03A  Personal property

             (1)  For subparagraph 116(2)(ba)(ii) of the Act, sporting, cultural, military or academic awards made to the bankrupt in recognition of his or her performance are personal property to which subsection 116(1) of the Act does not extend.

             (2)  Subregulation (1) does not apply to a monetary award.

6.03B  Property divisible among creditors—prescribed amounts

             (1)  For the purposes of subparagraph 116(2)(c)(i) of the Act, the maximum total value of a bankrupt’s property that is for use by the bankrupt in earning income by personal exertion is:

                     (a)  in the case of a bankruptcy occurring or continuing in the period commencing on the commencement date and ending at the end of 30 June 1997—$2,600; or

                     (b)  in the case of a bankruptcy occurring in a financial year commencing on 1 July 1997 or on 1 July of a subsequent year—the amount worked out in accordance with subregulation (2).

             (2)  For the purposes of subparagraph (1)(b), the applicable amount is:

                     (a)  in the case of the financial year commencing on 1 July 1997—$2,600 increased in accordance with the CPI rate for the financial year that commenced on 1 July 1996 and rounded down to the nearest multiple of $50; and

                     (b)  in the case of a subsequent financial year—the amount worked out in accordance with this subregulation for the immediately preceding financial year, increased in accordance with the CPI rate for that financial year and rounded down to the nearest multiple of $50.

             (3)  For the purposes of paragraph 116(2)(ca) of the Act, the maximum aggregate value of property used by the bankrupt primarily as a means of transport is:

                     (a)  in the case of a bankruptcy occurring or continuing in the period commencing on the commencement date and ending at the end of 30 June 1997—$5,000; or

                     (b)  in the case of a bankruptcy occurring in a financial year commencing on 1 July 1997 or on 1 July of a subsequent year—the amount worked out in accordance with subregulation (4).

             (4)  For the purposes of subparagraph (3)(b), the applicable amount is:

                     (a)  in the case of the financial year commencing on 1 July 1997—$5,000 increased in accordance with the CPI rate for the financial year that commenced on 1 July 1996 and rounded down to the nearest multiple of $50; and

                     (b)  in the case of a subsequent financial year—the amount worked out in accordance with this subregulation for the immediately preceding financial year, increased in accordance with the CPI rate for that financial year and rounded down to the nearest multiple of $50.

Division 2ARural support schemes

6.04A  Prescribed rural support schemes (Act s 116)

                   For paragraph 116(2)(k) of the Act, the following rural support schemes are prescribed:

                     (a)  DEP scheme;

                     (b)  farm help re‑establishment grant scheme.

6.04B  Prescribed rural support schemes (Act s 116)

                   For paragraph 116(2)(l) of the Act, each rural support scheme mentioned in the following table, and the circumstances mentioned for the scheme, are prescribed.

 

Item

Rural support scheme

Circumstance

1

1985 Rural Adjustment Grant Scheme

Assistance is required by a person engaged in the agricultural industry, in the form of a loan for rehabilitation or household support

2

1988 Rural Adjustment Grant Scheme

Assistance is required by a person engaged in the agricultural industry, in the form of a grant or loan for rehabilitation or household support

3

Rural Adjustment Grant Scheme

Assistance is required by a person engaged in the agricultural industry, in the form of a grant or loan for rehabilitation or household support

4

Rural Adjustment Scheme

Assistance is required by a person engaged in the agricultural industry, in the form of a grant or loan for rural adjustment

5

Rural Reconstruction Grant Scheme

Assistance is required by a person engaged in the agricultural industry, in the form of a grant or loan for rehabilitation

6

Sugar Industry Reform Program

Assistance is required in the form of a grant to enable a person engaged in the sugar industry, as a grower or harvester, to exit all agricultural industries

7

Tobacco Grower Adjustment Assistance Package

Assistance is required in the form of a grant to enable a person engaged, or previously engaged, in the tobacco industry as a grower to exit all agricultural industries

Division 4Undervalued transactions

6.09  Transfers exempt from being void against trustee

                   The kind of transfer of property to which paragraph 120(2)(d) of the Act applies is one where the costs of recovering the transferred property would, in the trustee’s opinion, be likely to exceed the value to the creditors of the property.

Division 5Realisation of property

6.10  Disclaimer of onerous property

             (1)  A notice of disclaimer under subsection 133(1) or (1A) of the Act must:

                     (a)  in every case—adequately identify:

                              (i)  the bankrupt to whom the notice relates; and

                             (ii)  the property or contract being disclaimed; and

                     (b)  in the case of disclaimer, without the leave of the Court, of:

                              (i)  a lease—set out facts showing that subsection 133(4) of the Act has been complied with; or

                             (ii)  a contract—set out facts showing that the contract is, for the purposes of subsection 133(5A) of the Act, an unprofitable contract.

             (2)  A trustee who gives a notice of disclaimer under subsection 133(1) or (1A) of the Act must give the notice to each person who, to the trustee’s knowledge:

                     (a)  in the case of disclaimer of property—has an interest in the property; or

                     (b)  in the case of a contract—is entitled to a benefit of, or subject to a burden or liability under, the contract.

Division 6Definition of income (Act s 139L)

6.11  Interpretation

                   In this Division:

FBTA Act means the Fringe Benefits Tax Assessment Act 1986 as in force at the beginning of 1 July 1992.

6.12  Fringe benefits: modification of the FBTA Act

             (1)  For the purposes of subparagraph (a)(v) of the definition of income in section 139L of the Act, the FBTA Act is modified in accordance with Schedule 4.

             (2)  For those purposes, the following modifications of the FBTA Act apply:

                     (a)  a reference to a year of tax is taken to be a reference to a contribution assessment period;

                     (b)  a reference to the taxable value of a benefit is taken to be a reference to the value, for the purposes of the Act, of the benefit;

                     (c)  a reference to the declaration date is taken to be a reference to the date occurring 21 days after the end of the contribution assessment period in relation to the bankrupt;

                     (d)  a reference to a declaration to be given to the employer is taken to be a reference to a declaration to be given to the trustee;

                     (e)  a reference to a form approved by the Commissioner is taken to be a reference to a form approved by the Inspector‑General;

                      (f)  subject to paragraph (d), a reference to an employer, or to the employer, is taken to be a reference to any person (other than the bankrupt);

                     (g)  a reference to an employee, or to the employee, is taken to be a reference to a bankrupt, or to the bankrupt, as the case requires;

                     (h)  a reference (however expressed) to:

                              (i)  the employment of the employee; or

                             (ii)  an associate of the employee;

                            is to be disregarded.

             (3)  In spite of subregulations (1) and (2), the modifications specified or referred to in those subregulations do not apply in relation to the provision of a fringe benefit, within the meaning of the FBTA Act, where the provider of the fringe benefit:

                     (a)  was the employer of the bankrupt; and

                     (b)  provided the fringe benefit to the bankrupt in respect of his or her employment by the provider; and

                     (c)  was not an employer over whom the bankrupt exercised effective control, whether directly or indirectly.

6.12A  Restart scheme payments

                   For subparagraph (b)(v) of the definition of income in section 139L of the Act, payments of restart income support, being payments of a kind mentioned in paragraph (a) of the definition of restart scheme payments in subsection 3(2) of the Farm Household Support Act 1992, are not income of a bankrupt.

6.12B  Superannuation contributions

             (1)  Subject to subregulation (2), for subparagraph (b)(v) of the definition of income in section 139L of the Act, the following contributions and payments made for the purpose of providing superannuation benefits for a bankrupt person are not income of the person:

                     (a)  contributions made by, or on behalf of, each employer of the person to the extent that the contributions reduce the employer’s potential liability for the superannuation guarantee charge imposed under section 5 of the Superannuation Guarantee Charge Act 1992;

                     (b)  contributions made by, or on behalf of, each employer of the person in accordance with the employer’s obligation to make contributions for the person under:

                              (i)  an industrial award or determination made under a law of the Commonwealth, a State or a Territory; or

                             (ii)  an industrial agreement registered, made or lodged under a law of the Commonwealth, a State or a Territory; or

                            (iii)  a law of the Commonwealth, or of a State or Territory;

that exceed the contributions, made by or on behalf of the employer, mentioned in paragraph (a);

                     (c)  payments of shortfall components made to, or for the benefit of, the person under sections 65 to 67 of the Superannuation Guarantee (Administration) Act 1992.

             (2)  Contributions for a year are taken to be income of a person if:

                     (a)  the contributions exceed 9% of the employee’s ordinary time earnings for the year; and

                     (b)  the employer has an obligation to make the contributions that arise under an individual industrial agreement; and

                     (c)  the contributions are not contributions of the kind mentioned in subparagraph (1)b)(iii).

             (3)  For this regulation:

individual industrial agreement means an industrial agreement made solely between the employer and the person, including the following:

                     (a)  an AWA, or an ITEA, to which the Fair Work (Transitional Provisions and Consequential Amendments) Act 2009 applies;

                     (b)  a similar agreement under the law of a State or Territory.

ordinary time earnings has the meaning given by section 6 of the Superannuation Guarantee (Administration) Act 1992.

shortfall component has the same meaning as it has in Part 8 of the Superannuation Guarantee (Administration) Act 1992.

6.12C  Family assistance and social security payments

             (1)  For subparagraph (b)(v) of the definition of income in section 139L of the Act, the following payments or amounts are not income of a bankrupt:

                     (a)  a payment or amount of family tax benefit paid under the family assistance law;

                     (b)  an amount that is not income for the purposes of the Social Security Act 1991 because of subsection 8(8) of that Act, except for a payment or amount mentioned in paragraph (a), (h), (ha), (k), (ka), (m), (z), (za) or (zb) of that subsection.

             (2)  For this regulation, family assistance law has the same meaning as in the A New Tax System (Family Assistance) (Administration) Act 1999.

6.12D  Primary Industry rural support scheme

                   For subparagraph (b)(v) of the definition of income in section 139L of the Act, any of the following is not income of a bankrupt:

                     (a)  an amount paid to a person under the DEP scheme;

                     (b)  an amount paid to a person under the Sugar Industry Reform Program for the prescribed circumstance mentioned for it in regulation 6.04B;

                     (c)  an amount paid to a person under the Tobacco Grower Adjustment Assistance Package for the prescribed circumstance mentioned for it in regulation 6.04B.

Division 7Contributions by bankrupt

6.13  Interpretation

                   In this Division:

contributing bankrupt means a bankrupt who is liable to make contributions.

contribution means a contribution payable or paid under section 139P or 139Q of the Act.

6.14  Contributions by bankrupt—modes of payment

             (1)  A contributing bankrupt may pay a contribution in any of the following ways:

                     (a)  in cash to the trustee at the trustee’s office during business hours;

                     (b)  by bank draft, cheque, money order or postal order payable to the trustee and delivered or posted to that office;

                     (c)  by deposit of the amount of the contribution in, or transfer of that amount to, the trustee’s bank account;

                     (d)  any other method authorised in writing by the trustee.

             (2)  In the case of payment by cheque, payment is taken to occur when the cheque is cleared and the amount of the payment is credited to the account into which the cheque is deposited.

             (3)  The trustee may, on reasonable notice in writing to the bankrupt, vary or cancel an authorisation under paragraph (1)(d).

             (4)  If the trustee incurs a delivery or postal charge (including a surcharge) or bank charge in connection with the receipt or processing of payment of a contribution, the trustee may reimburse himself or herself for the amount of the charge from the bankrupt’s estate.

6.15  Contributions where bankrupt dies

                   If a contributing bankrupt dies during a contribution assessment period:

                     (a)  no refund is payable in respect of any part of a contribution paid by or on behalf of the bankrupt in respect of that period; and

                     (b)  if a contribution in respect of that period remains unpaid, the deceased bankrupt’s estate is liable for the portion of the contribution attributable to the part of the period occurring before the date of death.

Note:          For proceedings in bankruptcy on the death of the bankrupt, see s. 63 of the Act.

6.15A  Contribution assessment—income of dependant

             (1)  For paragraph (c) of the definition of dependant in section 139K of the Act, the amount is $2 500.

             (2)  Section 304A of the Act applies to this regulation as if the amount mentioned in subregulation (1) were an amount also mentioned in the definition of indexable amount in subsection 304A(1) of the Act.

6.17  Certificate of outstanding contribution

             (1)  A trustee may give a certificate, signed and dated by the trustee, stating:

                     (a)  that the trustee has made an assessment under subsection 139W(1) or (2) of the Act in relation to a bankrupt; and

                     (b)  the amount of the contribution to which the assessment relates that the bankrupt is liable to pay; and

                     (c)  that the trustee has given notice setting out particulars of the assessment to the bankrupt under subsection 139W(4) of the Act; and

                     (d)  the respective dates of the assessment and the notice.

             (2)  In proceedings against the bankrupt for recovery of the amount, or part of the amount, of a contribution, the certificate:

                     (a)  is evidence that the bankrupt is liable to pay the amount of contribution stated in the certificate; and

                     (b)  may be tendered in evidence without further proof.

6.18  Discharged bankrupt to give information if contribution unpaid

             (1)  If:

                     (a)  a person is discharged from bankruptcy; and

                     (b)  immediately before being discharged he or she was a contributing bankrupt; and

                     (c)  after the discharge he or she remains liable, under section 139R of the Act, in respect of a contribution that is due and unpaid;

the person must at once give notice in writing to the trustee in relation to the bankruptcy if any change occurs in the particulars:

                     (d)  set out in the person’s statement of affairs in relation to the bankruptcy; or

                     (e)  notified by the person under section 80 of the Act.

Penalty:  10 penalty units

             (2)  An offence against subregulation (1) is an offence of strict liability.

Note:          For strict liability, see section 6.1 of the Criminal Code.

Division 8Notice under section 139ZL of the Act

6.19  Notice under section 139ZL of the Act not to refer to protected money

                   A notice under section 139ZL of the Act must not specify money or property that is protected, under a law of the Commonwealth or a State or Territory, from a process such as assignment, attachment, charging, execution or garnishment.

6.20  Notice under section 139ZL of the Act (notice of ceasing or commencing employment)

             (1)  If the employer of a bankrupt receives a notice under section 139ZL of the Act in relation to the bankrupt and the employment of the bankrupt subsequently ceases, the employer must, within 21 days of the cessation, give notice in writing to the trustee of the bankrupt stating that, on the date specified in the notice, the bankrupt ceased to be employed by the employer.

Penalty:  2 penalty units

             (2)  Within 21 days after commencing employment with an employer, the bankrupt must give notice in writing to the trustee stating:

                     (a)  the employer’s name and postal address; and

                     (b)  the address of the place where the bankrupt is employed; and

                     (c)  the amount of the bankrupt’s average gross weekly income from the employment.

Penalty:  2 penalty units

             (3)  An offence against subregulation (1) or (2) is an offence of strict liability.

Note:          For strict liability, see section 6.1 of the Criminal Code.

Division 9Distribution of property

6.21  Minimum amount of dividend

                   For the purposes of subsection 140(9) of the Act, the amount of $25 is prescribed.

6.22  Manner of declaring final dividend

                   A notice under subsection 145(3) of the Act must be given by serving it, in accordance with subregulation 16.01(1), on each person to whom, under the subsection, it must be given.

Part 7Discharge and annulment

  

7.01  Trustee to inform the Official Receiver of return of bankrupt to Australia

             (1)  This regulation applies to a registered trustee who is the trustee of the estate of a bankrupt, if:

                     (a)  an objection to the discharge of the bankrupt has been made on a ground, or on grounds that include a ground, referred to in paragraph 149D(1)(a) or (h) of the Act (which refer to the bankrupt being out of Australia); and

                     (b)  the bankrupt has returned to Australia; and

                     (c)  the trustee becomes aware that the bankrupt has returned to Australia.

             (2)  Within 7 days after becoming aware that the bankrupt has returned to Australia, the registered trustee must give notice in writing to the Official Receiver stating:

                     (a)  that the bankrupt has returned to Australia; and

                     (b)  the date on which:

                              (i)  the bankrupt returned; or

                             (ii)  if the trustee does not know the date on which the bankrupt returned—the trustee became aware that the bankrupt had returned.

Penalty:  1 penalty unit

             (3)  An offence against subregulation (2) is an offence of strict liability.

Note:          For strict liability, see section 6.1 of the Criminal Code.

7.01A  Grounds of objection—failure to provide complete and accurate information

                   For paragraph 149D(1)(d) of the Act, a bankrupt is taken to have failed to comply with a request to provide information if the bankrupt has provided information that is incomplete or inaccurate.

7.02  Trustee to inform the Official Receiver of cancellation of objection

             (1)  This regulation applies where the Administrative Appeals Tribunal (the AAT), on an application under section 149Q of the Act for review of a decision of a registered trustee to file a notice of objection to the discharge of a bankrupt, cancels or varies the decision.

             (2)  Where this regulation applies, the registered trustee must, by notice in writing, inform the Official Receiver of the decision of the AAT.

             (3)  The registered trustee must give the notice within 7 days of being notified of the decision of the AAT.

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

Penalty:  1 penalty unit.

Note:          For strict liability, see section 6.1 of the Criminal Code.

Part 8Trustees

Division 1Application for registration, or extension of registration, as a trustee

8.01  Documents to accompany application for registration

             (1)  For the purposes of paragraph 154A(3)(a) of the Act, the following documents must accompany an application to be registered as a trustee:

                     (a)  if the applicant relies on a qualification referred to in paragraph 8.02(1)(a):

                              (i)  an original statement in accordance with subregulation (2), certified by the appropriate officer of the university, college of advanced education or other tertiary institution; or

                             (ii)  a copy of the statement, certified as a copy by a person before whom an affidavit may be sworn under section 262 of the Act;

                     (b)  2 references, signed by the respective referees, who are familiar with relevant work undertaken by the applicant within the 12 months before the application, that contain the particulars specified in subregulation (3).

             (2)  A statement referred to in subparagraph (1)(a)(i) must set out the relevant qualification of the applicant and state that the qualification represents:

                     (a)  a course of study in accountancy of not less than 3 years’ duration; and

                     (b)  a course of study in commercial law of not less than 2 years’ duration.

             (3)  For the purposes of paragraph 1(b), each reference must contain the following particulars:

                     (a)  the name, address and telephone number of the referee;

                     (b)  the occupation of the referee;

                     (c)  the period during which, and the circumstances under which, the referee has known the applicant;

                     (d)  the referee’s opinion about the following matters:

                              (i)  the applicant’s abilities in oral and written communication;

                             (ii)  the applicant’s knowledge of the powers, duties and functions of a registered trustee or registered liquidator;

                            (iv)  the applicant’s knowledge of business management and his or her ability to successfully conduct business activities;

                     (e)  whether, in the referee’s opinion, the applicant has experience in assisting a registered trustee or a registered liquidator within the meaning of the Companies Act 1981 or the Corporations Law in carrying out the functions of the trustee or liquidator and, if so:

                              (i)  the nature of the activities that the applicant was required to carry out in acquiring that experience; and

                             (ii)  the length of the period of time during which the applicant carried out those activities; and

                            (iii)  whether the applicant carried out those activities in a competent manner;

                      (f)  the referee’s reasons for supporting the application.

8.02  Qualifications, experience, knowledge and abilities of applicants

             (1)  For the purposes of paragraph 155A(2)(a) of the Act, the following qualifications, experience, knowledge and abilities are prescribed in relation to an applicant for registration as a trustee:

                     (a)  completion of the academic requirements for the award of a degree, diploma or similar qualification from an Australian university or college of advanced education, or other Australian tertiary institution of an equivalent standard, being a degree, diploma or similar qualification granted to a person who has completed:

                              (i)  a course of study in accountancy of not less than 3 years’ duration; and

                             (ii)  a course of study in commercial law of not less than 2 years’ duration;

                     (b)  engagement in relevant employment on a full‑time basis for a total of not less than 2 years in the preceding 5 years;

                     (c)  the ability to perform satisfactorily the duties of a registered trustee immediately after registration.

Note:          If the committee considering the application considers that the applicant is suitable to be registered as a trustee, it may decide that the applicant should be registered even if it is not satisfied that the applicant has the qualifications, experience, knowledge and abilities prescribed in subregulation 8.02(1); see subsection 155A(3) of the Act.

             (2)  In this regulation:

relevant employment means employment that:

                     (a)  involves assisting a liquidator or trustee in the performance of his or her duties as a liquidator or trustee; and

                     (b)  involves the providing of advice in relation to bankruptcy matters; and

                     (c)  provides experience in insolvency administrations outside bankruptcy, including administration of receiverships, the winding up of corporations and any other similar functions.

8.03  Subsection 155C (2) of the Act—prescribed particulars of applicant for registration as a trustee

                   For the purposes of subsection 155C(2) of the Act, the following details are prescribed in relation to an applicant referred to in that subsection:

                     (a)  the applicant’s full name, and any alias;

                     (b)  the applicant’s business address (including, where applicable, the postal address) and telephone number;

                     (c)  a statement or summary of any conditions applying to the person’s entitlement to practise as a registered trustee;

                     (d)  the date on which details in respect of the applicant are entered on the Index.

8.04  Extension of registration—proof of insurance

                   A person who applies under section 155D of the Act must provide proof, of a kind reasonably acceptable to the Inspector‑General, that the applicant has insurance of the kind mentioned in paragraph 155A(2)(b) of the Act.

Division 1AChange in trustee’s particulars

8.04A  Trustee to notify change in particulars

             (1)  A trustee must promptly give notice in writing to the Inspector‑General of any change, in relation to the trustee, of the particulars specified in paragraph 8.03(a), (b) or (c).

Penalty:  1 penalty unit

             (2)  An offence against subregulation (1) is an offence of strict liability.

Note:          For strict liability, see section 6.1 of the Criminal Code.

Division 2Registration of trustees

Subdivision 1Preliminary

8.05  Definitions

                   In this Division, unless the contrary intention appears:

application means an application under subsection 154A(1) of the Act.

chairperson means the chairperson of a committee.

committee means a committee convened under subsection 155(1) of the Act.

member, in relation to a committee, includes the chairperson.

Subdivision 2Constitution and procedure of committees generally

8.05A  Chairperson of a committee

                   The chairperson of a committee is:

                     (a)  the Inspector‑General; or

                     (b)  if the Inspector‑General appoints another member of the committee as chairperson—that person.

8.05B  Trustee chosen by the Insolvency Practitioners Association of Australia

                   A registered trustee chosen by the Insolvency Practitioners Association of Australia under paragraph 155(2)(c) of the Act must have practised as a registered trustee for at least 5 years.

8.05C  Resignation of chairperson

             (1)  A chairperson other than the Inspector‑General may resign the office of chairperson by notice in writing signed by the chairperson and given to the Inspector‑General.

             (2)  A notice of resignation takes effect when the Inspector‑General receives it.

8.05D  Resignation of members

             (1)  A member of a committee, other than the Inspector‑General, may resign from the committee by notice in writing signed by the member and given to the Inspector‑General.

             (2)  A notice of resignation takes effect when the Inspector‑General receives it.

8.05E  Disclosure of interests

                   If a member of a committee:

                     (a)  is a close relative of the applicant; or

                     (b)  has a financial or personal relationship with the applicant;

the member must, as soon as practicable after becoming aware of the identity of the applicant, disclose the nature of the relationship to the other members of the committee and to the Inspector‑General.

8.05F  Removal of members from a committee

             (1)  The Inspector‑General may terminate the appointment of a member of a committee if:

                     (a)  the member becomes physically or mentally incapable of performing the duties of a member; or

                     (b)  the member becomes a bankrupt; or

                     (c)  the member signs an authority under section 188 of the Act that is effective for the purposes of Part X of the Act; or

                     (d)  the member becomes a party, as a debtor, to a debt agreement; or

                     (e)  the member has been convicted of an offence involving fraud or dishonesty; or

                      (f)  the member neglects his or her duty as a member.

             (2)  The Inspector‑General may terminate the appointment of a member of a committee if:

                     (a)  the member:

                              (i)  is a close relative of the applicant; or

                             (ii)  has a financial or personal relationship with the applicant; and

                     (b)  the Inspector‑General believes that relationship may affect the impartiality of the member.

8.05G  Convening of a replacement committee

             (1)  This regulation applies if:

                     (a)  either of the following events occurs:

                              (i)  a member of a committee resigns or dies;

                             (ii)  the appointment of a member of a committee is terminated under regulation 8.05F; and

                     (b)  at the time of that occurrence, the committee has not made a decision under subsection 155A(1) of the Act.

             (2)  If this regulation applies:

                     (a)  the Inspector‑General must convene another committee (the new committee) in place of the committee referred to in subregulation (1) (the previous committee); and

                     (b)  the new committee must not have regard to any proceedings of the previous committee.

8.05H  General procedures of a committee

             (1)  Subject to the Act and this Division, a committee may determine its procedure.

             (2)  A committee must observe natural justice.

             (3)  A committee is not bound by any rules of evidence but may inform itself on any matter as it sees fit.

             (4)  A committee must keep a written record of its decisions.

8.05I  Procedure at committee meetings

             (1)  Subject to this regulation, all members of a committee must be present in order to constitute a quorum for a meeting of the committee.

             (2)  At a meeting of a committee a matter is to be decided by a majority of the votes of the members.

             (3)  Any member may participate in a meeting by telephone.

             (4)  A member who participates in a meeting by telephone is taken to be present at the meeting.

             (5)  A committee may keep minutes of proceedings at its meetings.

8.05J  Resolutions without meeting

             (1)  If the majority of the members of a committee sign a document containing a statement that they are in favour of a resolution in the terms set out in the document, the resolution is taken to have been passed at a meeting of the committee:

                     (a)  on the day on which the document is signed; or

                     (b)  if the members sign the document on different days—on the day on which the document is signed by the member who makes up the majority.

             (2)  Two or more separate documents that are identical in all material respects (apart from signatures), each of which is signed by 1 or more members, are taken for the purposes of subregulation (1) to constitute a single document.

Subdivision 3Inquiries and interviews

8.05K  Inquiries by the committee

             (1)  A committee considering an application may make inquiries of any person for the purposes of deciding whether the applicant should be registered as a trustee or not.

             (2)  If the committee decides that the applicant should be registered, the committee may make inquiries of any person for the purposes of deciding what conditions, if any, should apply to the applicant’s practice as a registered trustee.

             (3)  Inquiries made must be inquiries:

                     (a)  that are reasonable, for the purpose of making an informed decision; or

                     (b)  that the Chairperson of the committee believes are appropriate in order for the committee to have sufficient information to make the decision.

             (4)  Before making a decision that is adverse to the applicant, a committee must:

                     (a)  inform the applicant of any information or material that the committee relies on, or proposes to rely on, in making the decision; and

                     (b)  give the applicant a reasonable opportunity to reply to, or rebut, the information or material.

8.05L  Notice of interview

                   For subsection 155(3) of the Act, the Inspector‑General or authorised employee on the committee must, after consultation with the other members of the committee:

                     (a)  fix a date, time and place for the interview; and

                     (b)  give written notice of that date, time and place to the applicant and the other members of the committee.

8.05M  Applicant interviews

             (1)  A committee must interview the applicant as soon as practicable and, for that purpose:

                     (a)  any member of the committee may participate in the interview by telephone; and

                     (b)  the applicant may participate in the interview by telephone.

             (2)  A member or applicant who participates in an interview as provided by paragraph (1)(a) or (b) is taken to be present at the interview.

             (3)  If the applicant fails to attend, or participate by telephone in, the interview and does not, within 7 days, give the committee a reasonable excuse for that failure:

                     (a)  the application is taken to have lapsed; and

                     (b)  the application fee is not refundable.

             (4)  If an applicant who fails to attend, or participate by telephone in, an interview gives the committee, within 7 days, a reasonable excuse for that failure, the committee must arrange another interview date, time and place.

             (5)  At an interview, the committee may ask the applicant any question that the committee reasonably believes to be related to:

                     (a)  the application; or

                     (b)  a reference accompanying the application; or

                     (c)  the issue of whether the applicant has the qualifications, experience, knowledge and abilities to perform the functions of a registered trustee.

             (6)  A committee must not interview an applicant until:

                     (a)  the Inspector‑General has received the information and documents in relation to the application that are prescribed by regulation 8.01; and

                     (b)  any charge imposed by an Act for making the application has been paid.

8.05N  Report of committee decision

             (1)  A report under subsection 155A(6) of the Act must:

                     (a)  be in writing; and

                     (b)  be signed by each member of the committee; and

                     (c)  in the case of a majority decision—set out the reasons of the minority member.

             (2)  The report must be given to the applicant and to the Inspector‑General within 14 days of the committee making its decision.

Subdivision 4Other matters

8.05O  Confidentiality

                   A committee must take all reasonable measures to protect from unauthorised use or disclosure information given to it in confidence in, or in connection with, the performance of its functions or the exercise of its powers under the Act or these Regulations.

8.05P  Evidence of proceedings at committee meetings

                   In any proceedings, a copy of the minutes of proceedings at a committee meeting, signed by the Chairperson of the committee:

                     (a)  is evidence of the proceedings as recorded in the minutes; and

                     (b)  may be tendered in evidence without further proof.

Division 3Consent to act, and appointment, as trustee of estate

8.06  Consent to act as trustee—subsection 156A(1) of the Act

             (1)  A trustee who signs an instrument under subsection 156A(1) of the Act in relation to a debtor must file the instrument with the Official Receiver as soon as practicable after signing it or, if the Court makes a sequestration order against the debtor’s estate, not later than 2 working days after the day on which the order is made.

             (2)  A certificate under subsection 156A(6) of the Act or under regulation 8.06A may be given in the form of an extract of the Index setting out the matters required to be shown by the certificate.

Note:    For the admissibility in evidence of an extract of the Index, see r. 13.07.

8.06A  Certificate of appointment under subsection 156A(3) of the Act

                   Where a registered trustee becomes, under subsection 156A(3) of the Act, the trustee of an estate or of joint and separate estates, the Official Receiver may give the registered trustee a certificate to that effect.

Division 4Trustee’s remuneration

Subdivision 1Prescribed rates—subsections 162(2) and (3) of Act

8.07  Prescribed rate—subsection 162(2) of the Act

                   For subsection 162(2) of the Act, the rate is:

                     (a)  if the money received by the trustee does not exceed $30,000—10%; or

                     (b)  if the money received by the trustee exceeds $30,000 but does not exceed $50,000—10% for the first $30,000 and 7.5% for the balance of the money; or

                     (c)  if the money received by the trustee exceeds $50,000—10% for the first $30,000, 7.5% for the next $20,000 and 5% for the balance of the money.

8.08  Prescribed rate—subsection 162(3) of the Act

                   For subsection 162(3) of the Act, the rate is 2.5%.

Subdivision 2Trustee’s remuneration decided by Inspector‑General

8.09  Circumstances in which trustee may apply to Inspector‑General to decide remuneration

                   For subsection 162(4) of the Act, the following circumstances are prescribed:

                     (a)  the creditors or the committee of inspection:

                              (i)  fail to vote on a motion relating to remuneration put forward by the trustee at a meeting of creditors under section 64U of the Act; or

                             (ii)  reject a motion relating to remuneration put forward by the trustee at a meeting of creditors under section 64U of the Act;

                     (b)  the creditors or the committee of inspection:

                              (i)  fail to vote on a proposal relating to remuneration put forward by the trustee under section 64ZBA of the Act; or

                             (ii)  reject a proposal relating to remuneration put forward by the trustee under section 64ZBA of the Act;

                     (c)  it is not cost effective to seek the approval of creditors for the trustee’s remuneration;

                     (d)  it is not practicable to seek the approval of creditors for the trustee’s remuneration.

Example 1:For paragraph (c), it may not be cost‑effective to seek the approval of creditors if the value of the assets in the estate is so small that the expense of holding a creditors’ meeting or sending a notice to creditors cannot be justified.

Example 2: For paragraph (d), it may not be practicable to seek the approval of creditors if the bankruptcy is annulled and there are no longer any creditors to vote on a remuneration proposal.

Example 3: For paragraph (d), it may not be practicable to seek the approval of creditors if a meeting is cancelled because of a lack of quorum.

8.10  Application to Inspector‑General to decide remuneration

                   For subsection 162(4) of the Act, the application:

                     (a)  must be in writing; and

                     (b)  must:

                              (i)  state which circumstance prescribed in regulation 8.09 applies to the application; and

                             (ii)  include evidence that the prescribed circumstance applies to the application; and

                     (c)  must contain a single proposal about the trustee’s proposed remuneration; and

                     (d)  must include the information required by subsections 64U(5) and (5A) of the Act about the trustee’s statement; and

                     (e)  must explain:

                              (i)  why any work already performed by the trustee was necessary; and

                             (ii)  why any work proposed to be performed by the trustee will be necessary; and

                            (iii)  why the proposed remuneration for the work, or proposed work, is appropriate for the particular administration; and

                      (f)  must be accompanied by the following:

                              (i)  any notices issued by the trustee to the bankrupt and creditors under subsection 162(6A) of the Act;

                             (ii)  any other notices issued by the trustee to the bankrupt and creditors under Subdivision 3.

8.11  Matters to which Inspector‑General must have regard

                   For subsection 162(4A) of the Act, the Inspector‑General must have regard to the following matters when deciding the trustee’s remuneration:

                     (a)  whether the trustee has followed the procedure in section 64U of the Act for estimating remuneration, including whether the trustee has adequately described to creditors the work performed or to be performed;

                     (b)  whether the trustee has given the bankrupt and creditors the notices required to be given under these Regulations;

                     (c)  whether the trustee has explained why the work already performed was necessary;

                     (d)  whether the trustee has explained why the work proposed to be performed will be necessary;

                     (e)  whether, taking into account the nature and complexity of the work, the proposed remuneration is commensurate with:

                              (i)  the work already performed; or

                             (ii)  the work proposed to be performed;

                      (f)  any other relevant matters.

Note:          A decision on the application is made under subsection 162(4A) of the Act. The Inspector‑General must advise the trustee and the bankrupt and creditors of the decision in accordance with subsection 162(4B) of the Act.

Subdivision 3Remuneration of trustees—notices

8.12  Notices

                   This Subdivision is made for subsection 162(6A) of the Act and sets out the notices that the trustee is required to give to the bankrupt and creditors in relation to the trustee’s remuneration.

8.12A  Initial remuneration notice

             (1)  The trustee must give the bankrupt and creditors notice of:

                     (a)  the method by which the trustee seeks to be remunerated; and

                     (b)  the rate of remuneration; and

                     (c)  an estimate of the expected amount of the trustee’s remuneration.

             (2)  The notice must:

                     (a)  include a brief explanation of the types of methods that could be used to calculate remuneration; and

                     (b)  specify the method the trustee proposes to use to calculate remuneration; and

                     (c)  explain why the method is appropriate.

             (3)  If the trustee proposes to charge on a time‑cost basis, the notice must include details about the respective rates at which the remuneration of the trustee and the other persons who will be assisting, or will be likely to assist, the trustee in the performance of his or her duties are to be calculated.

             (4)  The notice must be in writing and must be given to the bankrupt and creditors:

                     (a)  in the case of a trustee of a personal insolvency agreement who was not the controlling trustee for a debtor under section 188 or 192 of the Act before the agreement for the debtor was executed—within 28 days after the day the agreement is executed as required by section 216 of the Act; and

                     (b)  in any other case:

                              (i)  within 28 days after the day the trustee receives the bankrupt’s statement of affairs; or

                             (ii)  if the trustee does not receive the bankrupt’s statement of affairs within 60 days after the date of bankruptcy—within 7 days after the end of the 60 day period.

             (5)  This regulation does not apply to:

                     (a)  a person who is the controlling trustee for a debtor under section 188 or 192 of the Act; or

                     (b)  a trustee of a personal insolvency agreement who was the controlling trustee for a debtor under section 188 or 192 of the Act before the agreement for the debtor was executed.

8.12B  Remuneration approval notice

             (1)  If the trustee proposes to have his or her remuneration fixed by creditors or the committee of inspection in accordance with subsection 162(1) of the Act, the trustee must give the creditors or the committee a notice that complies with this regulation.

             (2)  The notice must include the following information:

                     (a)  a description of the work that the trustee has undertaken or will, or is likely to, undertake, including details of the particular tasks to be performed by the trustee and any person assisting the trustee;

                     (b)  details of:

                              (i)  the number of hours to be charged by the trustee and each person assisting the trustee; and

                             (ii)  the hourly rate charged by the trustee and each person assisting the trustee; and

                            (iii)  the proposed total remuneration for the work;

                     (c)  a statement that the costs incurred, or to be incurred, are necessary and reasonable having regard to the value and complexity of the administration;

                     (d)  a report on work that has been completed, that is in progress and that is still to be undertaken.

             (3)  The information in the notice must be sufficient to enable the creditors or the committee of inspection to be satisfied that the costs incurred, or to be incurred, are necessary and reasonable having regard to the value and complexity of the administration.

             (4)  The notice must be given:

                     (a)  if the trustee proposes to have his or her remuneration fixed at a meeting of creditors—at the same time as the meeting of creditors is convened; or

                     (b)  if the trustees proposes to have his or her remuneration fixed by putting a proposal to the creditors under section 64ZBA of the Act—at the same time as the notice under that section is given to the creditors.

             (5)  This regulation does not apply to:

                     (a)  a person who is the controlling trustee for a debtor under section 188 or 192 of the Act; or

                     (b)  a trustee of a personal insolvency agreement who was the controlling trustee for a debtor under section 188 or 192 of the Act before the agreement for the debtor was executed.

8.12C  Remuneration claim notice

             (1)  Subject to subregulation (3), the trustee must give the bankrupt and the creditors a notice that complies with this regulation when the remuneration claimed by the trustee reaches the amount (the fixed amount):

                     (a)  fixed by the creditors or the committee of inspection; or

                     (b)  decided by the Inspector‑General; or

                     (c)  if the trustee claims the statutory minimum or less under subsection 161B(1) of the Act—claimed by the trustee under that subsection.

             (2)  The notice must be given within 14 days after the fixed amount is reached.

             (3)  If the remuneration claimed does not reach the fixed amount, the trustee must give the creditors a notice that complies with this regulation:

                     (a)  at the time the trustee declares a final dividend; or

                     (b)  if the trustee determines that no final dividend will be declared—at the time the administration of the estate is finalised.

             (4)  A notice under subregulation (1) or (3) must include the following information:

                     (a)  the total remuneration claimed;

                     (b)  details of:

                              (i)  the work performed for which remuneration is claimed; and

                             (ii)  the names of the persons who performed the work; and

                            (iii)  the number of hours charged by, or in relation to, each person for the work; and

                            (iv)  the hourly rate charged by, or in relation to, each person for the work;

                     (c)  an explanation of any variation from the amounts set out in any notice under regulation 8.12B in relation to:

                              (i)  the remuneration claimed; and

                             (ii)  the number of hours charged; and

                            (iii)  the hourly rate charged; and

                            (iv)  the persons performing the work.

             (5)  A notice under subregulation (1) or (3) must also include a statement advising the bankrupt and the creditors that they may, within 28 days after receiving the notice, request the Inspector‑General to review the amount of remuneration claimed by the trustee.

Note:          Subdivision 4 deals with applications to the Inspector‑General to review decisions in relation to a trustee’s remuneration. Subdivision 6 sets out how reviews are undertaken.

Subdivision 4Review of remuneration

8.12D  Review of remuneration

                   This Subdivision is made for subsection 167(1) of the Act and provides for the Inspector‑General to review decisions about the trustee’s remuneration on application by a bankrupt or a creditor of the bankrupt.

8.12E  Application for review—remuneration

             (1)  A bankrupt or a creditor of the bankrupt (the applicant) may apply to the Inspector‑General for a review of the amount of remuneration claimed by the trustee.

             (2)  The application must be in writing and must, subject to subregulation (3), be made within 28 days after the day the applicant receives notification under regulation 8.12C.

             (3)  The Inspector‑General may, before or after the end of the 28 days mentioned in subregulation (2), extend the period in which an application for review may be made if the Inspector‑General is satisfied that:

                     (a)  the applicant and the trustee have been engaged in an alternative dispute resolution process to try to resolve the matter; or

                     (b)  it is appropriate, in all the circumstances, to extend the period.

             (4)  The Inspector‑General may extend the period for any period the Inspector‑General considers appropriate in all the circumstances.

             (5)  The applicant may apply to the Administrative Appeals Tribunal for the review of a decision by the Inspector‑General under subregulation (3) to refuse to extend the period in which an application for review may be made.

             (6)  The trustee may apply to the Administrative Appeals Tribunal for the review of a decision by the Inspector‑General under subregulation (3) to extend the period in which an application for review may be made.

8.12F  Application threshold

             (1)  The Inspector‑General must refuse to accept an application:

                     (a)  unless the Inspector‑General is satisfied on reasonable grounds that 1 or more of the following apply:

                              (i)  the trustee’s remuneration may have been fixed in a manner that is inconsistent with the requirements of the Act or these Regulations;

                             (ii)  the trustee may have acted improperly, or without due care and diligence, in the administration of the estate; or

                     (b)  if the Inspector‑General is satisfied on reasonable grounds that:

                              (i)  the applicant does not have an interest in the outcome of the review; or

                             (ii)  the applicant has not adequately particularised the issue giving rise to the review; or

                            (iii)  the application is frivolous or vexatious.

             (2)  However, the Inspector‑General may accept an application if the Inspector‑General is satisfied that there are exceptional circumstances to justify the review.

             (3)  The Inspector‑General may refuse to accept an application if the Inspector‑General is satisfied on reasonable grounds that:

                     (a)  it was appropriate in all the circumstances for the applicant to attempt to resolve the matter without seeking a review under this Subdivision; and

                     (b)  the applicant did not do so; and

                     (c)  the applicant did not provide a reasonable explanation for not doing so.

8.12G  Notification of decision

             (1)  If the Inspector‑General refuses to accept the application, the Inspector‑General must give the applicant and the trustee written notice of the refusal.

             (2)  The notice must be given to the applicant and the trustee within 14 days after the day the Inspector‑General refuses the application and must include the reasons for the refusal.

Subdivision 5Review of bill of costs

8.12H  Review of bill of costs

                   This Subdivision is made for subsection 167(2) of the Act and provides for the Inspector‑General to review a bill of costs for services provided by a third party in relation to the administration of a bankrupt’s estate.

8.12I  Application for review—third party bill of costs

             (1)  The trustee of the bankrupt’s estate may apply to the Inspector‑General to review a bill of costs for services provided by a third party in relation to the administration of the bankrupt’s estate.

             (2)  The application must be in writing.

             (3)  The application must, subject to subregulation (4), be made within 28 days after the trustee receives the bill of costs from the third party.

             (4)  The Inspector‑General may, before or after the end of the 28 days mentioned in subregulation (3), extend the period in which an application for review may be made if the Inspector‑General is satisfied that:

                     (a)  the trustee and the third party have been engaged in an alternative dispute resolution process to try to resolve the matter; or

                     (b)  it is appropriate, in all the circumstances, to extend the period.

             (5)  The Inspector‑General may extend the period for any period the Inspector‑General considers appropriate in all the circumstances.

             (6)  The trustee may apply to the Administrative Appeals Tribunal for review of a decision by the Inspector‑General under subregulation (4) to refuse to extend the period in which an application for review may be made.

             (7)  The third party may apply to the Administrative Appeals Tribunal for the review of a decision by the Inspector‑General under subregulation (4) to extend the period in which an application for review may be made.

Subdivision 6Review by Inspector‑General

8.12J  Review by Inspector‑General

             (1)  If the Inspector‑General accepts an application under regulation 8.12E or 8.12I, the Inspector‑General must conduct a review in accordance with this Subdivision.

             (2)  The Inspector‑General may:

                     (a)  affirm the amount claimed by the trustee or the third party; or

                     (b)  disallow all or part of the trustee’s claim for remuneration and substitute another amount for the amount claimed; or

                     (c)  disallow all or part of the third party’s bill of costs and substitute another amount for the amount claimed; or

                     (d)  dismiss the application.

8.12K  How review to be conducted

             (1)  The Inspector‑General must conduct the review with as little formality and technicality, and with as much expedition, as the Act and these Regulations, and a proper consideration of the matter, permit.

             (2)  In conducting the review, the Inspector‑General:

                     (a)  is not bound by legal technicalities, legal forms or rules of evidence; and

                     (b)  may inform himself or herself on any matter relevant to the review in such manner as he or she thinks appropriate.

8.12L  Powers of Inspector‑General

                   In conducting the review, the Inspector‑General may do any of the following:

                     (a)  conduct the review:

                              (i)  with the parties present; or

                             (ii)  on the papers; or

                            (iii)  in part with the parties present and in part on the papers;

                     (b)  adjourn or discontinue the review if the Inspector‑General considers it necessary or appropriate to do so;

                     (c)  engage an expert to assist in the review and arrange for payment to be made to the expert;

                     (d)  direct the trustee to provide an itemised invoice in a form, and within the time, specified in the direction for work undertaken by the trustee;

                     (e)  direct a third party to give an itemised bill of costs in a form, and within the time, specified in the direction in relation to work undertaken by the third party;

                      (f)  interview any party to the review and allow the other party or their representative to question that party;

                     (g)  direct a person to give a written statement, in a specified form and signed by the person, about a matter relevant to the review;

                     (h)  direct the trustee to produce to the Inspector‑General or to a party to the review, all or part of the trustee’s files or documents in relation to the administration of the bankrupt’s estate;

                      (i)  copy documents, or arrange for copies to be made and delivered to the Inspector‑General or a party to the review;

                      (j)  direct a party seeking inspection, production or copies of documents to comply with conditions (including conditions relating to payment) in relation to the inspection, production or copying;

                     (k)  proceed with the review in the absence of a party if the Inspector‑General considers it necessary or appropriate to do so;

                      (l)  direct the trustee to take particular action for the administration of the estate, including refunding any remuneration not properly claimed or supported.

Note:          This regulation does not exclude the need for the Inspector‑General to provide procedural fairness when conducting the review.

8.12M  Non‑compliance with directions

             (1)  If a person to whom the Inspector‑General gives a direction under regulation 8.12L does not comply with the direction, the Inspector‑General may conduct the review on the basis of the information available to the Inspector‑General.

             (2)  If the trustee does not comply with a direction of the Inspector‑General under paragraph 8.12L(d), (h) or (l), the Inspector‑General may direct that the trustee is not entitled to the remuneration, or part of the remuneration, that is the subject of the review.

             (3)  If a third party does not comply with a direction of the Inspector‑General under paragraph 8.12L(e), the Inspector‑General may order that the trustee may declare and distribute a final dividend in the bankruptcy without regard to any claim of the third party.

             (4)  If the Inspector‑General makes an order under subregulation (3), the estate of the bankrupt has no liability to the third party for the bill of costs that is the subject of the review.

8.12N  Decision of Inspector‑General

             (1)  The Inspector‑General must complete the review, and make a decision on the application, within 60 days after the day the Inspector‑General accepts the application for review.

             (2)  When the Inspector‑General makes his or her decision, the Inspector‑General must prepare a written statement that:

                     (a)  sets out the decision of the Inspector‑General; and

                     (b)  sets out the reasons for the decision; and

                     (c)  sets out the findings on any material questions of fact; and

                     (d)  refers to evidence or other material on which the findings of fact are based; and

                     (e)  sets out the effect of subsection 167(6) of the Act in relation to the Inspector‑General’s decision.

             (3)  The Inspector‑General must give each party to the review a copy of the statement within 14 days after making the decision.

8.12O  Repayments of excess

                   For subsection 167(4) of the Act, if the Inspector‑General is satisfied that a withdrawal by the trustee of funds from the estate of the bankrupt for payment of the trustee’s remuneration exceeds the amount of remuneration the trustee is entitled to under Division 2 of Part VIII of the Act, the Inspector‑General may require the trustee to repay the excess to the estate.

Division 5Registered trustee ceasing to be trustee of an estate

8.13  Notice of removal of trustee of estate

             (1)  This regulation applies in relation to the removal of a registered trustee if:

                     (a)  the Court removes the trustee, under subsection 156A(5) or 179(1) of the Act, from the office of trustee of an estate; or

                     (b)  the creditors remove the trustee, under section 181 of the Act, from that office.

             (2)  In the event of such a removal, the person specified in paragraph (3)(a) or (b) (as the case requires) must give notice in writing to the Official Receiver, in accordance with the applicable paragraph, stating the name of the registered trustee, the fact and the date of the removal and whether the removal was by the Court or the creditors.

             (3)  The notice must be given:

                     (a)  where paragraph (1)(a) applies—by the applicant to the Court for the removal, as soon as practicable after the making of the order for removal; or

                     (b)  where paragraph (1)(b) applies—by the new trustee of the estate appointed by the creditors under section 181 of the Act, as soon as practicable after the appointment.

             (4)  An offence against this regulation is an offence of strict liability.

Penalty:  1 penalty unit.

Note:          For strict liability, see section 6.1 of the Criminal Code.

8.14  Notice of finalisation of administration; entry on the Index

             (1)  A registered trustee must, within 7 days of finalising the administration of an estate, give notice in writing of the finalisation to the Official Receiver.

Penalty:  1 penalty unit

             (2)  The Official Receiver must promptly enter on the Index the fact that the administration of an estate has been finalised, where:

                     (a)  the Official Receiver receives notice under subregulation (1); or

                     (b)  the estate was administered by the Official Trustee.

             (3)  An offence against subregulation (1) is an offence of strict liability.

Note:          For strict liability, see section 6.1 of the Criminal Code.

Division 6Variation and termination of registration

Subdivision 1Preliminary

8.15  Definitions

                   In this Division, unless the contrary intention appears:

application means an application under subsection 155E(1) of the Act.

chairperson means the chairperson of a committee.

committee means a committee convened under subsection 155E(4) or 155H(2) of the Act.

member, in relation to a committee, includes the chairperson.

8.16  Documents to accompany application for change or removal of conditions

                   For paragraph 155E(3)(a) of the Act, an application must be accompanied by 2 references signed by the respective referees, containing the particulars specified in subregulation 8.01(3).

Subdivision 2Constitution and procedure of committees generally

8.17  Chairperson of a committee

                   The chairperson of a committee is:

                     (a)  the Inspector‑General; or

                     (b)  if the Inspector‑General appoints another member of the committee as chairperson—that person.

8.18  Trustee chosen by the Insolvency Practitioners Association of Australia

                   A registered trustee chosen by the Insolvency Practitioners Association of Australia under paragraph 155E(5)(c) or 155H(3)(c) of the Act must have practised as a registered trustee for at least 5 years.

8.19  Resignation of chairperson

             (1)  A chairperson other than the Inspector‑General may resign the office of chairperson by notice in writing signed by the chairperson and given to the Inspector‑General.

             (2)  A notice of resignation takes effect when the Inspector‑General receives it.

8.20  Resignation of members

             (1)  A member of a committee, other than the Inspector‑General, may resign from the committee by notice in writing signed by the member and given to the Inspector‑General.

             (2)  A notice of resignation takes effect when the Inspector‑General receives it.

8.21  Disclosure of interests

                   If:

                     (a)  a member of a committee convened under subsection 155E(4) of the Act:

                              (i)  is a close relative of the applicant; or

                             (ii)  has a financial or personal relationship with the applicant; or

                     (b)  a member of a committee convened under subsection 155H(2) of the Act:

                              (i)  is a close relative of the trustee concerned; or

                             (ii)  has a financial or personal relationship with the trustee;

the member must, as soon as practicable after becoming aware of the identity of the applicant or trustee, disclose the nature of the relationship to the other members of the committee and to the Inspector‑General.

8.22  Removal of members from a committee

             (1)  The Inspector‑General may terminate the appointment of a member of a committee if:

                     (a)  the member becomes physically or mentally incapable of performing the duties of a member; or

                     (b)  the member becomes a bankrupt; or

                     (c)  the member signs an authority under section 188 of the Act that is effective for the purposes of Part X of the Act; or

                     (d)  the member becomes a party, as a debtor, to a debt agreement; or

                     (e)  the member has been convicted of an offence involving fraud or dishonesty; or

                      (f)  the member neglects his or her duty as a member.

             (2)  The Inspector‑General may terminate the appointment of a member of a committee convened under subsection 155E(4) or 155H(2) of the Act if:

                     (a)  the member:

                              (i)  is a close relative of the applicant, or trustee, concerned; or

                             (ii)  has a financial or personal relationship with the applicant or trustee; and

                     (b)  the Inspector‑General believes that relationship may affect the impartiality of the member.

8.23  Convening of a replacement committee

             (1)  This regulation applies if:

                     (a)  either of the following events occurs:

                              (i)  a member of a committee resigns or dies;

                             (ii)  the appointment of a member of a committee is terminated under regulation 8.22; and

                     (b)  at the time of that occurrence, the committee has not made a decision under subsection 155F(1) or 155I(1) of the Act.

             (2)  If this regulation applies:

                     (a)  the Inspector‑General must convene another committee (the new committee) in place of the committee referred to in subregulation (1) (the previous committee); and

                     (b)  the new committee must not have regard to any proceedings of the previous committee.

8.24  General procedures of a committee

             (1)  Subject to the Act and this Division, a committee may determine its procedure.

             (2)  A committee must observe natural justice.

             (3)  A committee is not bound by any rules of evidence but may inform itself on any matter as it sees fit.

             (4)  A committee must keep a written record of its decisions.

8.25  Procedure at committee meetings

             (1)  Subject to this regulation, all members of a committee must be present in order to constitute a quorum for a meeting of the committee.

             (2)  At a meeting of a committee a matter is to be decided by a majority of the votes of the members.

             (3)  Any member may participate in a meeting by telephone.

             (4)  A member who participates in a meeting by telephone is taken to be present at the meeting.

             (5)  A committee may keep minutes of proceedings at its meetings.

8.26  Resolutions without meeting

             (1)  If the majority of the members of a committee sign a document containing a statement that they are in favour of a resolution in the terms set out in the document, the resolution is taken to have been passed at a meeting of the committee:

                     (a)  on the day on which the document is signed; or

                     (b)  if the members sign the document on different days—on the day on which the document is signed by the member who makes up the majority.

             (2)  Two or more separate documents that are identical in all material respects (apart from signatures), each of which is signed by 1 or more members, are taken for the purposes of subregulation (1) to constitute a single document.

Subdivision 3Inquiries and interviews

8.27  Inquiries by the committee

             (1)  A committee considering an application may make inquiries of any person for the purposes of making a decision under subsection 155F(1) or 155I(1) of the Act.

             (2)  Inquiries made must be:

                     (a)  inquiries that are reasonable for the purpose of making an informed decision; or

                     (b)  inquiries that the Chairperson of the committee believes are appropriate in order for the committee to have sufficient information to make the decision.

             (3)  Before making a decision that is adverse to a person, a committee must:

                     (a)  inform the person of any information or material that the committee relies on, or proposes to rely on, in making the decision; and

                     (b)  give the person a reasonable opportunity to reply to, or rebut, the information or material.

8.28  Notice of interview (Act s 155E(6))

                   For subsection 155E (6) of the Act, the Inspector‑General or authorised employee on the committee must, after consultation with the other members of the committee:

                     (a)  fix a date, time and place for the interview; and

                     (b)  give written notice of that date, time and place to the applicant and the other members of the committee.

8.29  Change of conditions on practising as a registered trustee—interview

             (1)  A committee must interview the applicant as soon as practicable and, for that purpose:

                     (a)  any member of the committee may participate in the interview by telephone; and

                     (b)  the applicant may participate in the interview by telephone.

             (2)  A member, or applicant, who participates in an interview in accordance with paragraph (1)(a) or (b) is taken to be present at the interview.

             (3)  If the applicant fails to attend, or participate by telephone in, the interview and does not, within 7 days, give the committee a reasonable excuse for that failure:

                     (a)  the application is taken to have lapsed; and

                     (b)  the application fee is not refundable.

             (4)  If an applicant who fails to attend, or participate by telephone in, an interview gives the committee, within 7 days, a reasonable excuse for that failure, the committee must arrange another interview date, time and place.

             (5)  At an interview, the committee may ask the applicant any question that the committee reasonably believes to be related to:

                     (a)  the application; or

                     (b)  a reference accompanying the application; or

                     (c)  the issue of whether the applicant has the qualifications, experience, knowledge and abilities to perform the functions of a registered trustee.

             (6)  A committee must not interview an applicant until:

                     (a)  the Inspector‑General has received the references, in relation to the application, mentioned in regulation 8.16; and

                     (b)  any charge imposed by an Act for making the application has been paid.

8.30  Involuntary termination of registration—interview

             (1)  If the Inspector‑General is required under subsection 155H(2) of the Act to convene a committee to consider whether a trustee should continue to be registered, the Inspector‑General or authorised employee on the committee must, after consultation with the other members of the committee:

                     (a)  fix a date, time and place for the interview; and

                     (b)  give written notice of that date, time and place to the trustee and the other members of the committee.

             (2)  The committee must interview the trustee as soon as practicable and, for that purpose:

                     (a)  any member of the committee may participate in the interview by telephone; and

                     (b)  the trustee may participate in the interview by telephone.

             (3)  A member, or trustee, who participates in an interview in accordance with paragraph (1)(a) or (b) is taken to be present at the interview.

             (4)  If the trustee fails to attend, or participate by telephone in, the interview and does not, within 7 days, give the committee a reasonable excuse for that failure, the committee may proceed with its consideration of the matter.

             (5)  If an trustee who fails to attend, or participate by telephone in, an interview gives the committee, within 7 days, a reasonable excuse for that failure, the committee must arrange another interview date, time and place.

8.31  Report of committee decision

             (1)  A report under subsection 155F(2) or 155I(4) of the Act must:

                     (a)  be in writing; and

                     (b)  be signed by each member of the committee; and

                     (c)  in the case of a majority decision—set out the reasons of the minority member.

             (2)  The report must be given to the applicant or trustee, and to the Inspector‑General, within 14 days of the committee making its decision.

Subdivision 4Other committee‑related matters

8.32  Confidentiality

                   A committee must take all reasonable measures to protect from unauthorised use or disclosure information given to it in confidence in, or in connection with, the performance of its functions or the exercise of its powers under the Act or these Regulations.

8.33  Evidence of proceedings at committee meetings

                   In any proceedings, a copy of the minutes of proceedings at a committee meeting, signed by the Chairperson of the committee:

                     (a)  is evidence of the proceedings as recorded in the minutes; and

                     (b)  may be tendered in evidence without further proof.

8.34  Time for deciding matters (Act s 155I(1))

                   A committee must decide a matter under subsection 155I(1) of the Act within 60 days of being convened.

Subdivision 4AStandards for trustees

8.34A  Performance standards for trustees (including controlling trustees)

             (1)  For subsection 155H(5) of the Act, the standards applicable to the exercise of powers, or the carrying out of duties, of registered trustees are set out in Schedule 4A.

             (2)  For subsection 188(2A) of the Act, the standards in Parts 1, 2 and 5 of Schedule 4A also apply to a solicitor who is a controlling trustee.

Subdivision 5Controlling trustees other than Official Trustee or registered trustees

8.35  Eligibility of controlling trustees, other than Official Trustee or registered trustees

             (1)  For subsection 188(2A) of the Act, a person (other than the Official Trustee or a registered trustee) is not eligible to act as a controlling trustee if the person:

                     (a)  is convicted of a criminal offence involving fraud or dishonesty, or was so convicted within the 10 years before the proposed authorisation; or

                     (b)  is not insured against the liabilities the trustee may become subject to as a controlling trustee; or

                     (c)  is a solicitor who no longer holds a practising certificate; or

                     (d)  is an undischarged bankrupt or insolvent under administration, or became a party (as debtor) to a debt agreement or a Part X administration within the 10 years before the proposed authorisation; or

                     (e)  is a person who the Inspector‑General decides under subregulation (2) has failed to properly exercise powers or carry out duties or to cooperate with an inquiry or investigation, or in relation to whom such a decision was made within the 3 years before the proposed authorisation; or

                      (f)  either:

                              (i)  is not a full member of the Insolvency Practitioners Association of Australia; or

                             (ii)  has not satisfactorily completed a course in insolvency approved by the Inspector‑General.

          (1A)  The Inspector‑General may approve a course in insolvency by notice published on the Insolvency and Trustee Service Australia’s website.

Note:          Paper copies of the notice are available from the Insolvency and Trustee Service Australia on request.

             (2)  In addition to subregulation (1), a person who is, or has been, a controlling trustee is not eligible to act as a controlling trustee if the Inspector‑General determines that the person:

                     (a)  has failed to properly exercise the powers, or carry out the duties, of a controlling trustee, including meeting a standard applicable to a controlling trustee set out in Schedule 4A; or

                     (b)  has refused, or failed to cooperate with the Inspector‑ General in an inquiry or investigation under paragraph 12(1)(b) of the Act.

             (3)  If the Inspector‑General forms an opinion of the kind mentioned in paragraph (2)(a) or (b), the Inspector‑General must:

                     (a)  by written notice, tell the person; and

                     (b)  invite the person to respond within 28 days or such longer time as is specified in the notice.

             (4)  After the expiry of the time mentioned in paragraph (3)(b), the Inspector‑General may, having regard to the response (if any) of the person, make a determination under subregulation (2).

             (5)  If the Inspector‑General makes a determination under subregulation (2), the Inspector‑General must give the person a written notice of the determination, setting out the reasons.

8.36  Review by Tribunal of determination under subregulation 8.35(2)

                   Application may be made to the Administrative Appeals Tribunal for a review of a determination of the Inspector‑ General under subregulation 8.35(2).

8.37  Official Trustee to perform duties

                   If a controlling trustee becomes ineligible to act as a controlling trustee then, unless and until the debtor appoints a controlling trustee who is eligible to so act, the Official Trustee must perform the duties of the controlling trustee.

Part 9Debt agreements

  

9.01  Prescribed information to be supplied to the debtor

             (1)  For paragraph 185C(2D)(b) and subsection 185E(1) of the Act, the following information is prescribed:

                     (a)  information about alternatives to entering into a debt agreement;

                     (b)  information about the consequences of making a debt agreement proposal;

                     (c)  information about sources of financial advice and guidance to persons facing or contemplating entering into a debt agreement;

                     (d)  a statement that it is an act of bankruptcy for a debtor to give to the Official Receiver a debt agreement proposal.

             (2)  The information must be factual and objective.

             (3)  The Official Receiver must not accept a debtor’s debt agreement proposal under Division 2 of Part IX of the Act, unless the debtor has given to the Official Receiver a signed acknowledgment that the debtor has received and read the prescribed information.

             (4)  If the debtor presents a debt agreement proposal without having given the acknowledgement, the Official Receiver must:

                     (a)  if the debtor presents the debt agreement proposal in person—give the prescribed information to the debtor; or

                     (b)  if the debtor presents the debt agreement proposal by post—post the prescribed information to the debtor.

             (5)  Subregulation (6) applies if a debtor intends to present a debt agreement proposal and the debtor is:

                     (a)  unable to read the relevant material, because he or she is:

                              (i)  blind, partially sighted, illiterate or partially literate; or

                             (ii)  insufficiently familiar with the English language; or

                     (b)  unable to sign the debt agreement proposal or the acknowledgment, because of a physical incapacity.

             (6)  The debt agreement proposal and the acknowledgement may be signed by another person, who must sign a statement:

                     (a)  if subparagraph (5)(a)(i) applies—that he or she has read the relevant material to the debtor; or

                     (b)  if subparagraph (5)(a)(ii) applies—that he or she has interpreted the relevant material to the debtor in a language with which both persons are familiar; or

                     (c)  if paragraph (5)(b) applies—that he or she believes that the debtor has read and understood the relevant material.

             (7)  In this regulation:

relevant material means the debt agreement proposal, the prescribed information and the acknowledgment.

9.02  Qualifications of applicants

                   For paragraph 186C(2)(e) of the Act, the following qualifications are prescribed after 30 June 2009:

                     (a)  a Certificate IV in Financial Services (Accounting) from an Australian college of advanced education;

                     (b)  a degree, diploma or similar qualification from an Australian university, college of advanced education or other Australian tertiary institution that is of an equivalent or higher level to, and contains the same or similar subject matter as, the qualification mentioned in paragraph (a).

Part 10Personal insolvency agreements

10.01  Modifications of Part X of the Act—joint debtors

                   For section 187A of the Act, a provision of Part X of the Act specified in Part 1 of Schedule 6 is modified in accordance with that Part in relation to its application, in accordance with that section, to joint debtors, whether partners or not.

10.02  Information to be given to debtor (Act ss 188(2AA) and (2AB))

             (1)  For subsections 188(2AA) and (2AB) of the Act, the following information is prescribed:

                     (a)  information about the consequences of entering into a personal insolvency agreement;

                     (b)  information about sources of financial advice and guidance to persons facing or contemplating entering into a personal insolvency agreement;

                     (c)  information about whether a personal insolvency agreement may be administered by a registered trustee or the Official Trustee;

                     (d)  a statement that it is an act of bankruptcy if a debtor does any of the things mentioned in paragraphs 40(1)(i) to (m) of the Act;

                     (e)  information about the processes under Part X of the Act;

                      (f)  information about a debtor’s rights and responsibilities under Part X of the Act, including a debtor’s obligation to disclose all related entities;

                     (g)  information about a controlling trustee’s obligation to disclose his or her relationship with a debtor.

             (2)  The information must be factual and objective.

             (3)  A person authorised under subsection 188(1) of the Act to take control of a debtor’s property must not consent to exercise the powers given by the authority unless the debtor has given the person a signed acknowledgement (which may be included with or appended to the authority) that the debtor has received and read the prescribed information.

             (4)  Subregulation (5) applies if a debtor intends to sign an authority and the debtor is:

                     (a)  unable to read the relevant material, because he or she is:

                              (i)  blind, partially sighted, illiterate or partially literate; or

                             (ii)  insufficiently familiar with the English language; or

                     (b)  unable to sign the authority or the acknowledgment, because of a physical incapacity.

             (5)  The authority and the acknowledgement may be signed by another person, who must sign a statement:

                     (a)  if subparagraph (5)(a)(i) applies—that he or she has read the relevant material to the debtor; or

                     (b)  if subparagraph (5)(a)(ii) applies—that he or she has interpreted the relevant material to the debtor in a language with which both persons are familiar; or

                     (c)  if paragraph (5)(b) applies—that he or she believes that the debtor has read and understood the relevant material.

             (6)  In this regulation:

relevant material means the authority, the prescribed information and the acknowledgment.

10.03  Documents under section 188 of Act

             (1)  A registered trustee or solicitor who consents to exercise the powers given by an authority under section 188 of the Act must sign a consent in accordance with the approved form.

             (2)  The registered trustee or solicitor must, within 2 working days after consenting, give a copy of the signed consent to an Official Receiver.

             (3)  The registered trustee or solicitor must, within 2 working days after a proposal for dealing with the debtor’s affairs under Part X of the Act is finalised, give a copy of the proposal to:

                     (a)  an Official Receiver; and

                     (b)  each creditor of the bankrupt of whom the registered trustee or solicitor is aware.

Note:          Under subsection 188(5) of the Act, a registered trustee or solicitor who consents to exercise the powers given by an authority must also give a copy of the authority and the debtor’s statement of affairs to an Official Receiver.

10.04  Documents for meeting called under an authority under section 188 of the Act

                   At least 10 days before the first meeting of creditors called under an authority under section 188 of the Act is held, the controlling trustee must give an Official Receiver, the debtor and each creditor:

                     (a)  notice in writing of the date, time and place of the meeting; and

                     (b)  a copy of the controlling trustee’s report, prepared in accordance with subsection 189A(1) of the Act, in relation to the debtor’s affairs; and

                     (c)  a copy of the controlling trustee’s statement, prepared in accordance with subsection 189B(1) of the Act, in relation to special resolutions expected to be passed at the meeting; and

                     (d)  a notice that includes the basis and the method on which the controlling trustee seeks to be remunerated, and, if appropriate, an estimate of the expected level of the controlling trustee’s remuneration; and

                     (e)  if the controlling trustee claims remuneration calculated by reference to an hourly rate—a notice stating:

                              (i)  the type of work undertaken by the trustee and the trustee’s staff; and

                             (ii)  the number of hours charged by each person; and

                            (iii)  the hourly rate charged for each person; and

                            (iv)  the total remuneration claimed.

Note:          Section 194 of the Act sets out the time for when a meeting that is to be called under an authority under section 188 of the Act must be held.

10.05  Modifications of Division 5 of Part IV of theAct—meetings called under authorities under section 188 of the Act

                   For section 196 of the Act, a provision of Division 5 of Part IV of the Act specified in Part 2 of Schedule 6 is modified in accordance with that Part in relation to its application, in accordance with that section, to a meeting called under an authority under section 188 of the Act.

10.06  Controlling trustee to give Official Receiver copy of special resolution and certain particulars for the Index

             (1)  If, at a meeting called under an authority under section 188 of the Act, a special resolution is passed under subsection 204(1) of the Act, the controlling trustee must give to the Official Receiver, within 7 days after the date when the resolution is passed:

                     (a)  a copy of the resolution; and

                     (b)  written notice specifying the following particulars for entry in the Index:

                              (i)  the date of the resolution;

                             (ii)  in respect of the debtor:

                                        (A)  the debtor’s full name, and any alias;

                                        (B)  the debtor’s address;

                                        (C)  the debtor’s occupation (if any);

                            (iii)  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.

Penalty:  1 penalty unit.

             (2)  An offence against subregulation (1) is an offence of strict liability.

10.07  Modifications of Part VIII of the Act—controlling trustees and trustees of personal insolvency agreements

                   For section 210 of the Act, a provision of Part VIII of the Act specified in Part 3 of Schedule 6 is modified in accordance with that Part in relation to its application, in accordance with that section, to the controlling trustee in relation to a debtor.

10.08  Modifications of Division 1 of Part V of the Act—debtors whose property is subject to control under Division 2 of Part X of the Act

                   For subsection 211(1) of the Act, a provision in Division 1 of Part V of the Act specified in Part 4 of Schedule 6 is modified in accordance with that Part in relation to its application, in accordance with that subsection, to a debtor whose property is subject to control under Division 2 of Part X of the Act.

10.09  Meeting if trustee does not execute personal insolvency agreement

             (1)  A meeting of creditors under subsection 217(1) of the Act must be called in accordance with a written notice of the meeting that was given at least 7 days before the meeting to each of the following persons (other than the person giving the notice):

                     (a)  the debtor;

                     (b)  the trustee required to execute the personal insolvency agreement;

                     (c)  each creditor whose identity and address are known to, or can reasonably be discovered by, the person giving the notice.

             (2)  A notice under subregulation (1) must set out the terms of any resolution proposed under subsection 217(1) of the Act that is known to the person giving the notice.

10.10  Notification of personal insolvency agreement

                   A notification under paragraph 218(1)(a) of the Act must be in writing.

Note:          Regulation 16.01 applies to a notification under paragraph 218(1)(a) of the Act.

10.11  Sequestration order, or order terminating or setting aside a personal insolvency agreement—notice to Official Receiver (Act s 221, s 222 and s 222C)

             (1)  This regulation does not apply in relation to an applicant who is the Official Trustee, the Inspector‑General or a person authorised by the Inspector‑General under subsection 222(1) or (5) of the Act.

             (2)  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 give a copy of the order to the Official Receiver.

             (3)  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 give a copy of the order to the Official Receiver.

             (4)  A copy of an order required by this regulation to be given to the Official Receiver must be given within 2 days after the order is made.

Penalty:  1 penalty unit.

             (5)  An offence against subregulation (4) is an offence of strict liability.

10.12  Termination of personal insolvency agreement by trustee (Act s 222A)

             (1)  If a personal insolvency agreement is terminated in accordance with section 222A of the Act, the trustee of the agreement must immediately give written notice of the termination to the Official Receiver.

Penalty:  1 penalty unit.

             (2)  An offence against subregulation (1) is an offence of strict liability.

10.13  Modifications of Parts V and VI of the Act—personal insolvency agreements

             (1)  For subsection 231(1) of the Act, the provision specified in Part 5 of Schedule 6 is modified in accordance with that Part in relation to its application, in accordance with that subsection, to a debtor who has executed a personal insolvency agreement.

             (2)  For subsection 231(3) of the Act, a provision specified in Part 6 of Schedule 6 is modified in accordance with that Part in relation to its application, in accordance with that subsection, to a personal insolvency agreement.

             (3)  For subsection 231(5) of the Act, the provision specified in Part 7 of Schedule 6 is modified in accordance with that Part in relation to its application, in accordance with that subsection, to a trustee of a personal insolvency agreement.

10.14  Certificate relating to realisation of divisible property and non‑availability of dividend

             (1)  If the trustee of a personal insolvency agreement is satisfied that the divisible property of the debtor has, so far as practicable, been realised and no dividend is payable to the creditors, the trustee must, on written request by the debtor, give the debtor a certificate signed by the trustee to that effect.

             (2)  The trustee must give the certificate to the debtor within 7 days of receiving the written request.

             (3)  In any proceeding, a certificate signed by the trustee under subregulation (1):

                     (a)  is evidence of the facts stated in it; and

                     (b)  may be tendered in evidence without further proof.

             (4)  If the trustee gives a certificate to the debtor under subsection 232(1) of the Act or subregulation (1), the trustee must, within 7 days of giving the certificate, give a copy of the certificate to the Official Receiver.

Penalty:  1 penalty unit.

             (5)  An offence against subregulation (4) is an offence of strict liability.

Part 11Administration of estates of deceased persons in bankruptcy

  

11.01  Statement of affairs and of administration of estate

                   A statement under paragraph 246(1)(a) or subsection 247(1) of the Act must state, so far as applicable, the following particulars:

                     (a)  in relation to the capital account of the deceased person’s estate:

                              (i)  particulars of each amount received, including the name of the payer, the date received and the bank account into which the amount was paid; and

                             (ii)  particulars of each amount paid, including the name of the payee, the date of payment and the bank account from which the amount was drawn;

                     (b)  in relation to each of the assets of the deceased person transferred to beneficiaries—the particulars of the asset, the date of transfer and the name and address of the relevant beneficiary;

                     (c)  in relation to the income account of the deceased person:

                              (i)  particulars of each amount received, including the name of the payer, the date received and the bank account into which the amount was paid; and

                             (ii)  particulars of each amount paid, including the name of the payee, the date of payment and the bank account from which the amount was drawn;

                     (d)  in relation to each of the unsecured debts owed by the deceased person:

                              (i)  the name and address of the creditor and the amount (if any) owed by the creditor to the deceased person; and

                             (ii)  the amount of the debt; and

                            (iii)  the year when the debt was contracted; and

                            (iv)  the nature of the debt;

                     (e)  in relation to each of the secured debts owed by the deceased person:

                              (i)  the name and address of the creditor and the amount (if any) owed by the creditor to the deceased person; and

                             (ii)  the amount of the debt and particulars of the security relating to it; and

                            (iii)  the date when the security was given; and

                            (iv)  the estimated present value of the security; and

                             (v)  the estimated deficiency or surplus if the security were to be realised;

                      (f)  in relation to each of current hire purchase, credit purchase, lease purchase or similar agreements:

                              (i)  the name and address of the finance company; and

                             (ii)  the date of the agreement; and

                            (iii)  particulars of the goods to which the agreement relates; and

                            (iv)  any arrears of payment under the agreement; and

                             (v)  the amount required to complete the agreement; and

                            (vi)  the present value of the goods and the estimated deficiency or surplus if the goods were to be realised;

                     (g)  in relation to any other assets and liabilities, including contingent assets and liabilities, of the deceased person’s estate—particulars of each asset and liability, including its present value.

11.01A  Copy of petition etc to be given to Official Receiver

             (1)  A person who presents a petition under section 244 or 247 of the Act must, within 2 working days after the petition is endorsed by the Court, give a copy of the petition to the Official Receiver.

             (2)  The time within which, under subsection 244(14) of the Act, a creditor must give to the Official Receiver a copy of an order under subsection 244(11) of the Act is 2 working days after the order is endorsed by the Court.

11.01B  Proof of statement of affairs

             (1)  Subregulation (2) applies in any proceedings to a document or copy of a document that purports to be a certificate signed by the Inspector‑General stating that, at a particular point in time, the form of statement of affairs that is attached to the certificate was the approved form for section 6A of the Act.

             (2)  The document or copy:

                     (a)  is proof, in the absence of evidence to the contrary, of information that is stated in it; and

                     (b)  may be tendered in evidence without further proof.

11.02  Modifications of the Act—administration of estates of deceased persons

                   For the purposes of subsections 248(1) and (3) of the Act, the provisions specified in Schedule 7 are modified in accordance with that Schedule in relation to proceedings under Part XI of the Act and the administration of estates under that Part.

Part 12Unclaimed dividends or moneys

  

12.01  Statement where moneys are paid to the Commonwealth

             (1)  Where a trustee pays moneys, under subsection 254(2) of the Act, to the Commonwealth, he or she must, at the time of payment, give to the officer to whom the moneys are paid a statement setting out the name and address of:

                     (a)  the trustee; and

                     (b)  the relevant bankrupt, debtor or (subject to subregulation (2)) deceased person, as the case requires; and

                     (c)  each person who, so far as the trustee is aware, is entitled to the moneys or any part of the moneys.

             (2)  For the purposes of paragraph (1)(b), where the relevant person is a deceased person, the address to be stated is that person’s address at the date of his or her death.

             (3)  Where the Official Trustee or Official Receiver, or a registered trustee, pays moneys, under subsection 254(2A) of the Act, to the Commonwealth, that person must, at the time of payment give to the officer to whom the moneys are paid a statement setting out the name and address of:

                     (a)  the trustee; and

                     (b)  each person who, so far as the Official Trustee, Official Receiver or registered trustee is aware, is entitled to the moneys or any part of the moneys.

             (4)  A registered trustee who gives a statement to an officer in accordance with subregulation (1) or (3) must, within 7 days, give a copy of the statement to the Official Receiver.

             (5)  An offence against subregulation (4) is an offence of strict liability.

Penalty:  1 penalty unit.

Note:          For strict liability, see section 6.1 of the Criminal Code.

Part 13National Personal Insolvency Index

Division 1Preliminary

13.01  Interpretation

                   In this Part:

BIOS means the electronic database, known as the Bankruptcy Index Online System, maintained before the commencement date by Registrars in Bankruptcy.

13.02  Establishment and maintenance of the National Personal Insolvency Index

             (1)  For the purposes of the definition of National Personal Insolvency Index in subsection 5(1) of the Act, there is established an electronic index to be known as the National Personal Insolvency Index.

             (2)  The Inspector‑General has responsibility for the operation of the Index.

             (3)  Each Official Receiver is to maintain the Index on behalf of the Inspector‑General.

Division 2Information to be entered on the Index

13.03  What information is to be entered on the Index?

             (1)  Subject to this regulation, the following information is to be entered on the Index:

                     (a)  in respect of each creditor’s petition, bankruptcy, debt agreement under Part IX of the Act, personal insolvency agreement, administration under Part XI of the Act or order under section 253E of the Act, occurring or made on or after the commencement date—information of the kind specified in Schedule 8, to the extent applicable;

                     (b)  the information on BIOS in respect of bankruptcies (including completed bankruptcies);

                     (c)  in respect of each registered trustee or controlling trustee (other than the Official Trustee):

                              (i)  the trustee’s full name, and any alias;

                             (ii)  the trustee’s business address (including, where applicable, the postal address) and telephone number;

                            (iii)  a statement or summary of any conditions applying to the person’s entitlement to practise as a registered trustee;

                            (iv)  the date on which details in respect of the trustee are entered on the Index;

                             (v)  the date (if any) of termination of the trustee’s registration as a trustee;

                     (d)  in respect of each applicant for registration as a trustee:

                              (i)  the applicant’s full name, and any alias;

                             (ii)  the applicant’s business address (or, if none, his or her residential address);

                            (iii)  the applicant’s occupation;

                            (iv)  the date on which details in respect of the applicant are entered on the Index;

                     (e)  in respect of each debtor specified in subregulation (3):

                              (i)  the debtor’s full name, and any alias;

                             (ii)  the debtor’s address;

                            (iii)  the debtor’s occupation (if any);

                            (iv)  the date on which details in respect of the debtor are entered on the Index;

                      (f)  information that, under these Regulations, the Official Receiver:

                              (i)  receives for entry on the Index; or

                             (ii)  is required to enter on the Index;

                     (g)  information concerning a creditor’s petition (including details of any orders made in relation to the petition, or the withdrawal of the petition).

          (1A)  In relation to a matter mentioned in paragraph (1)(a), a document described in an item in Schedule 8 must be given to the Official Receiver by the person mentioned in column 4 of the item within the period mentioned in column 5 of the item.

          (1B)  Item 13 of Schedule 8 applies in relation only to a bankruptcy dated 4 May 2003 or earlier.

             (2)  Paragraph (1)(a) is taken to apply also to bankruptcies that:

                     (a)  occurred before the commencement date; and

                     (b)  were not completed before the commencement date.

             (3)  For the purposes of paragraph (1)(e), the following debtors are specified:

                     (a)  a debtor whose property is subject, by reason of a direction of the Court under paragraph 50(1)(a) of the Act, to the control of the Official Trustee or a registered trustee;

                     (b)  a debtor who signed an authority under subsection 188(1) of the Act;

                     (c)  subject to subregulation (5), in the case of a deceased debtor—where a petition for an order for the administration of the debtor’s estate has been presented under Part XI of the Act;

                     (d)  a debtor who has applied to the Court under subsection 253E(1) of the Act for an order staying all or any proceedings under a petition.

             (4)  In the application of paragraph (3)(c) (concerning certain deceased debtors) to paragraph (1)(e), the information to be entered is the information that applied in respect of the debtor immediately before his or her death.

             (5)  Subregulation (1) applies subject to:

                     (a)  any decision of the Inspector‑General under paragraph 13.04(3)(a); and

                     (b)  any order or direction of the Administrative Appeals Tribunal on an application under regulation 13.05.

             (6)  If an entry on the Index contains information that is, in the opinion of the Official Receiver, in any particular:

                     (a)  contrary to, or inconsistent with, a decision, order or direction of a kind mentioned in subregulation (5); or

                     (b)  out of date, inaccurate or misleading;

the Official Receiver must correct the entry without delay.

13.04  Application for certain information not to be on the Index

             (1)  Subject to subregulation (4), a person who is a debtor or bankrupt may apply in writing to the Inspector‑General for information in respect of the person:

                     (a)  not to be entered on the Index, on the ground that the entry of the information would jeopardise, or be likely to jeopardise, the person’s safety; or

                     (b)  on the Index to be removed on the ground that:

                              (i)  its inclusion jeopardises, or is likely to jeopardise, the person’s safety; or

                             (ii)  it is inaccurate or misleading; or

                     (c)  on the Index to be corrected on the ground that it is inaccurate or misleading.

Note:          Under subregulation (4), an application cannot be made for the removal of information in respect of a person’s name or date of birth.

             (2)  The application must specify the ground relied and contain, or have with it, full particulars in support of the ground.

Example:    A person may rely on a court order (such as a domestic violence order) to show that publication of the information in question would jeopardise, or be likely to jeopardise, the person’s safety.

             (3)  The Inspector‑General must, without delay:

                     (a)  decide an application; and

                     (b)  give notice in writing to the applicant of:

                              (i)  the decision and the reasons for it; and

                             (ii)  the applicant’s right, if aggrieved by the decision, to apply under regulation 13.05 to the Administrative Appeals Tribunal for review of the decision.

             (4)  An application or a decision must not be made under this regulation to remove from the Index any of the following items of information in respect of a person:

                     (a)  the person’s name;

                     (b)  the person’s date of birth.

13.05  Application to the AAT

                   A person who made an application under subregulation 13.04(1) and who is aggrieved by a decision under paragraph 13.04(3) (a) in respect of the application may apply to the Administrative Appeals Tribunal for review of the decision.

Division 3Miscellaneous

13.06  Inspection of the Index

             (1)  A person may, by application in writing, ask an Official Receiver to inspect material in the Index and give an extract of material specified in the application.

             (2)  On receipt of an application, the Official Receiver:

                     (a)  if the fee determined under the Fees and Remuneration Determination is paid—must inspect the Index and, within 14 days of receiving the application:

                              (i)  give the requested extract to the applicant; or

                             (ii)  tell the applicant, in writing, that the requested extract is not entered in the Index; or

                     (b)  may give the applicant a list of Index search agents who may be able to inspect material entered in the Index for the applicant.

             (3)  A person who has been granted access to the Index by the Inspector‑General may, after paying the fee determined under the Fees and Remuneration Determination:

                     (a)  inspect material entered in the Index; or

                     (b)  obtain an extract of material entered in the Index.

Example:    For paragraph (b), making notes of information shown on a computer screen, or obtaining a print‑out of information stored electronically.

             (4)  However, prior payment is not required under subregulation (3) if the person has an alternative arrangement with the Inspector‑General about the method of payment.

Example:    An arrangement for payment by bulk billing.

             (5)  The Inspector‑General may specify conditions that apply to:

                     (a)  the use of information entered in the Index; and

                     (b)  the use of an extract of material entered in the Index.

Note:          Under regulation 13.09, the Inspector‑General has control of access to the Index.

13.07  Extract, etc of the Index to be admissible in evidence

             (1)  In any proceedings, a document or copy of a document that qualifies under subregulation (2):

                     (a)  is proof, in the absence of evidence to the contrary, of information on the Index that is stated in it; and

                     (b)  may be tendered in evidence without further proof.

             (2)  A document or copy qualifies if it:

                     (a)  purports (irrespective of the form of wording used) to be an extract of information on the Index; and

                     (b)  does not appear to the Court to have been revised or tampered with in a way that affects, or is likely to affect, the information.

13.08  Immunity from defamation

             (1)  The Inspector‑General, and any officer acting at the direction or with the authority of the Inspector‑General, have immunity from actions for defamation arising out of publication of material in the Index or publication of extracts of material from the Index.

             (2)  An officer has immunity from actions for defamation arising out of publication of material in the Index or publication of extracts of material from the Index, if the publication was done:

                     (a)  by an officer acting in the course of his or her duty; and

                     (b)  in good faith.

             (3)  A person who provides material for entry in the Index has immunity from actions for defamation arising out of publication of the material by way of providing it for such inclusion, publication of the material in the Index or publication of extracts of the material from the Index, if the publication was done:

                     (a)  in the performance of a function or duty under these Regulations or any other law of the Commonwealth; and

                     (b)  in good faith.

             (4)  Nothing in subregulation (2) or (3) affects by implication the generality of subregulation (1).

             (5)  The immunity of the Inspector‑General or another officer under this regulation arising out of publication of material extends to the Commonwealth and the Official Trustee to the extent that the Commonwealth or the Official Trustee would, apart from this subregulation, be liable in respect of the publication.

             (6)  Nothing in this regulation affects by implication any other ground of defence.

13.09  Access to the Index

                   The Inspector‑General has control of access to the Index.

13.10  Information extracted from the Index to be evidence

                   Information extracted from the Index is evidence, in the absence of proof to the contrary, of the truth of the information.

Part 14Offences under the Act

Division 1Offences

14.01  Apprehension under a warrant—notification to Registrar in certain cases

             (1)  This regulation applies where:

                     (a)  a warrant issued under subsection 264B(1) of the Act for the apprehension of a person is executed; and

                     (b)  the person executing the warrant considers that it is impracticable to bring the apprehended person forthwith before the Court, a Registrar or a magistrate.

             (2)  Where this regulation applies, the person executing the warrant must immediately notify a Registrar of the apprehension and of the date and time when the person considers that it will be practicable to bring the apprehended person before the Court, a Registrar or a magistrate.

14.02  Registrar to act on notification; direction to person executing warrant

             (1)  Where a Registrar receives a notification under subregulation 14.01(2), he or she must, without delay:

                     (a)  fix a date, time and place for the apprehended person to be brought before the Court, a Registrar or a magistrate; and

                     (b)  direct the person who gave the notification to bring the apprehended person before the Court, a Registrar or a magistrate accordingly.

             (2)  The time and date fixed under paragraph (1)(a) must be the earliest that, in the Registrar’s opinion, are practicable.

             (3)  A person to whom a direction is given under paragraph (1)(b) must comply with it.

Division 2Infringement notices

14.03  Purpose and effect of Division

             (1)  For section 277B of the Act, this Division establishes an infringement notice scheme, as an alternative to prosecution, for infringement notice offences.

             (2)  This Division does not:

                     (a)  require an infringement notice to be issued to a person for an infringement notice offence; or

                     (b)  affect the liability of a person to be prosecuted for an infringement notice offence if an infringement notice is not issued to the person for the offence; or

                     (c)  prevent the issue of 2 or more infringement notices to a person for an infringement notice offence; or

                     (d)  affect the liability of a person to be prosecuted for an infringement notice offence if the person does not comply with an infringement notice for the offence; or

                     (e)  limit or otherwise affect the penalty that may be imposed by a court on a person convicted of an infringement notice offence.

14.04  Definitions

                   In this Division:

infringement notice means an infringement notice served under regulation 14.05.

infringement notice offence means an offence mentioned in the table in subsection 277B(2) of the Act.

infringement penalty, for an infringement notice offence, means the penalty for the offence mentioned in the table in subsection 277B(2) of the Act.

14.05  When infringement notices can be issued

                   If the Inspector‑General has reasonable grounds to believe that a person has committed an infringement notice offence, the Inspector‑General may, within 12 months after the alleged commission of the offence, issue the person with an infringement notice for the offence.

14.06  Contents of infringement notice

             (1)  An infringement notice must:

                     (a)  be identified by a unique number; and

                     (b)  state that the notice is issued under these Regulations; and

                     (c)  state the name of the person who issued the notice and how the person may be contacted; and

                     (d)  be signed by the person who issued the notice; and

                     (e)  state the name and address of the person to whom it is issued; and

                      (f)  set out brief details of the offence the person is alleged to have committed, including:

                              (i)  the infringement notice offence that was allegedly contravened; and

                             (ii)  the maximum penalty that may be imposed by a court for the offence; and

                     (g)  state the amount of the infringement penalty that is payable under the notice; and

                     (h)  state how and where the infringement penalty can be paid, including:

                              (i)  the period in which the penalty may be paid; and

                             (ii)  if the penalty can be paid by posting the payment—the place to which it should be posted; and

                      (i)  state that if the person pays the infringement penalty in time:

                              (i)  any liability of the person for the offence is discharged; and

                             (ii)  a prosecution of the offence may not be brought against the person; and

                            (iii)  the person is not regarded as having admitted guilt or liability for the offence; and

                            (iv)  the person is not regarded as having been convicted of the offence; and

                      (j)  state that the person may apply to the Inspector‑General for an extension of time in which to pay the infringement penalty; and

                     (k)  set out how the notice may be withdrawn; and

                      (l)  state that if the notice is withdrawn:

                              (i)  any amount of penalty paid under the notice must be refunded to the person; and

                             (ii)  the person may be prosecuted in a court for the offence; and

                    (m)  state that the person may apply in writing to the Inspector‑General requesting the withdrawal of the notice.

             (2)  An infringement notice may contain any other information that the Inspector‑General considers necessary.

14.07  Method of serving infringement notices

             (1)  An infringement notice must be served on the person to whom it is issued.

             (2)  An infringement notice may be served on an individual:

                     (a)  personally or by post; or

                     (b)  by leaving the notice:

                              (i)  at the last‑known place of residence or business of the person; and

                             (ii)  with a person, apparently over the age of 16 years, who appears to live or work at the place.

             (3)  An infringement notice may be served on a corporation:

                     (a)  by leaving it at, or by sending it by post to, the address of the head office, a registered office or a principal office, of the corporation; or

                     (b)  by giving it, at an office mentioned in paragraph (a), to someone who is, or who the person serving the notice reasonably believes is, an officer or employee of the corporation.

             (4)  Subject to subregulation (5), an infringement notice may be served on a registered trustee or a registered debt agreement administrator by sending it by electronic communication to the trustee’s or administrator’s business email address.

             (5)  An infringement notice must not be sent by electronic communication unless the Inspector‑General believes, on reasonable grounds, that the registered trustee or a registered debt agreement administrator will access the email account to which the notice is sent.

14.08  Time for payment of infringement penalty

                   The penalty specified in an infringement notice must be paid:

                     (a)  within 28 days after the day the notice is served on the person to whom it is issued; or

                     (b)  if the person applies for an extension of time in which to pay the infringement penalty and that application is granted—within the extension period allowed; or

                     (c)  if the person applies for an extension of time in which to pay the infringement penalty and the application is refused—before the end of the later of:

                              (i)  7 days after day the notice of the refusal is served on the person; and

                             (ii)  28 days after the day the infringement notice is served on the person; or

                     (d)  if the person applies for the notice to be withdrawn and the application is refused—within 28 days after the day the notice of the refusal is served on the person.

14.09  Extension of time to pay infringement penalty

             (1)  A person served with an infringement notice may apply, in writing, to the Inspector‑General for an extension of time of up to 28 days in which to pay the infringement penalty specified in the notice.

             (2)  If the application is made after the end of the 28 day period specified in the notice for payment of the infringement penalty, the application must include a statement explaining why the person could not deal with the notice within that period.

             (3)  Within 14 days after receiving the application, the Inspector‑General must:

                     (a)  grant, or refuse to grant, an extension of time to pay the infringement penalty; and

                     (b)  notify the person in writing of the decision, and, if the decision is a refusal, the reasons for the decision.

             (4)  Notice of the decision may be served on the person in any way in which the infringement notice could have been served on the person.

14.10  Withdrawal of infringement notice

             (1)  Before the end of 28 days after receiving an infringement notice, a person may apply, in writing, to the Inspector‑General for the infringement notice to be withdrawn.

             (2)  Within 14 days after receiving the application, the Inspector‑General must:

                     (a)  withdraw, or refuse to withdraw, the notice; and

                     (b)  notify the person in writing of the decision, and, if the decision is a refusal, the reasons for the decision.

             (3)  Before withdrawing, or refusing to withdraw, a notice, the Inspector‑General must consider:

                     (a)  the circumstances of the offence stated in the notice; and

                     (b)  whether there are exceptional circumstances to justify the withdrawal; and

                     (c)  any other relevant matter.

             (4)  The Inspector‑General may also withdraw an infringement notice without an application having been made if he or she believes it is appropriate to do so in all the circumstances of the particular case.

14.11  Notice of withdrawal of infringement notices

             (1)  Notice of the withdrawal of an infringement notice may be served on a person in any way in which the infringement notice could have been served on the person.

             (2)  A notice withdrawing an infringement notice served on a person for an offence:

                     (a)  must include the following information:

                              (i)  the name and address of the person;

                             (ii)  the number of the infringement notice;

                            (iii)  the date of issue of the infringement notice; and

                     (b)  must state that the notice is withdrawn; and

                     (c)  if it is proposed that a prosecution be brought against the person for the offence—must state that the person may be prosecuted in a court for the offence.

14.12  Refund of infringement penalty

                   If an infringement notice is withdrawn after the infringement penalty specified in it has been paid, the Inspector‑General must refund the amount of the penalty to the person who paid it.

14.13  Effect of payment of infringement penalty

                   If a person served with an infringement notice pays the infringement penalty specified in the notice within the period specified in the notice (or any further period of time allowed under regulation 14.09):

                     (a)  any liability of the person for the offence is discharged; and

                     (b)  a prosecution of the offence may not be brought against the person for the offence; and

                     (c)  the person is not regarded as having admitted guilt or liability for the offence; and

                     (d)  the person is not regarded as having been convicted of the offence.

14.14  Payment of infringement penalty—cheques

                   If a person pays an infringement penalty by cheque, payment is not taken to have been made until the cheque has been honoured on presentation.

14.15  Evidentiary certificates

             (1)  The Inspector‑General may sign a certificate that states any of the following in relation to an infringement notice served on a person:

                     (a)  that the infringement penalty specified in the infringement notice was not paid by the person within the time specified in the notice;

                     (b)  that the Inspector‑General granted, or refused to grant, an extension of time to the person to pay the infringement penalty;

                     (c)  that the infringement penalty was not paid by the person within the period specified in the extension;

                     (d)  that the infringement notice was withdrawn under regulation 14.10 on a day specified in the certificate.

             (2)  At a hearing of a prosecution for an offence mentioned in an infringement notice, a certificate signed by the Inspector‑General in accordance with subregulation (1) is evidence of the matters specified in the certificate.

             (3)  A certificate that purports to be signed by the Inspector‑General is taken to have been signed by the Inspector‑General unless the contrary is proved.

Part 15AProvisions relating to the Bankruptcy Charges Acts

  

15A.01  Interpretation

             (1)  In this Part:

charge means an interest charge, a realisations charge or a registration charge.

charge period has the same meaning as in the Estate Charges Act.

penalty means a late payment penalty.

trustee includes a debt agreement administrator.

             (2)  An expression defined for Part XV of the Act has the same meaning in this Part.

15A.02  Mode of payment

                   An amount of charge or penalty may be paid to the Inspector‑General:

                     (a)  in cash; or

                     (b)  by cheque; or

                     (c)  by any other means (for example, by direct debit or electronic transfer) that the Inspector‑General approves in writing.

15A.03  Overpayments to be refunded or offset

                   The amount of an overpayment by a trustee of a charge or penalty may be:

                     (a)  refunded to the trustee; or

                     (b)  unless the trustee, by notice in writing to the Inspector‑General, directs otherwise—offset against an amount of charge or penalty payable by the trustee.

15A.04  Information to accompany payment of interest charge

             (1)  A payment of interest charge by a trustee must have with it, in the approved form, any information required by the approved form.

             (2)  Where a payment of interest charge is made by or on behalf of a trustee by non‑physical means (for example, by direct debit or electronic transfer), the trustee must without delay give the Inspector‑General that information.

             (3)  This regulation does not apply to the Official Trustee.

15A.05  Information to accompany payment of realisations charge

             (1)  A payment of realisations charge by a trustee must have with it, in the approved form, any information required by the approved form.

             (2)  Where a payment of realisations charge is made by or on behalf of a trustee by non‑physical means (for example, by direct debit or electronic transfer), the trustee must without delay give the Inspector‑General that information.

             (3)  This regulation does not apply to the Official Trustee.

15A.07  Lodgment of request for remission

                   A request by a trustee for remission of a charge or penalty must be in writing and lodged with an Official Receiver.

Part 16Miscellaneous

Division 1Provisions concerning documents (including inventories)

16.01  Service of documents

             (1)  Unless the contrary intention appears, where a document is required or permitted by the Act or these Regulations to be given or sent to, or served on, a person (other than a person mentioned in regulation 16.02), the document may be:

                     (a)  sent by post, or by a courier service, to the person at his or her last‑known address; or

                     (b)  left, in an envelope or similar packaging marked with the person’s name and any relevant document exchange number, at a document exchange where the person maintains a document exchange facility; or

                     (c)  left, in an envelope or similar packaging marked with the person’s name, at the last‑known address of the person; or

                     (d)  personally delivered to the person; or

                     (e)  sent by facsimile transmission or another mode of electronic transmission:

                              (i)  to a facility maintained by the person for receipt of electronically transmitted documents; or

                             (ii)  in such a manner (for example, by electronic mail) that the document should, in the ordinary course of events, be received by the person.

             (2)  A document given or sent to, or served on, a person in accordance with subregulation (1) is taken, in the absence of proof to the contrary, to have been received by, or served on, the person:

                     (a)  in the case of service in accordance with paragraph (1)(a) or (b)—when the document would, in the due course of post or business practice, as the case requires, be delivered to the person’s address or document exchange facility; and

                     (b)  in the case of service in accordance with paragraph (1)(c), (d) or (e)—when the document is left, delivered or transmitted, as the case requires.

16.02  Documents for the Inspector‑General, the Official Receiver or the Official Trustee

             (1)  Unless the contrary intention appears, where a document is required or permitted by the Act or these Regulations to be given or sent to, or filed or lodged with, the Inspector‑General, the Official Receiver or the Official Trustee, the document must:

                     (a)  be posted to, or delivered at:

                              (i)  in the case of a document for the Inspector‑ General—the office of the Inspector‑General; or

                             (ii)  in the case of a document for the Official Receiver or the Official Trustee—the office of the Official Receiver; or

                     (b)  sent by facsimile transmission:

                              (i)  in the case of a document for the Inspector‑ General—to a facility maintained by the Inspector‑ General for receipt of facsimile transmissions; or

                             (ii)  in the case of a document for the Official Receiver or the Official Trustee—to a facility maintained by the Official Receiver for receipt of facsimile transmissions; or

                     (c)  sent by another mode of electronic transmission (for example, by electronic mail):

                              (i)  in the case of a document for the Inspector‑ General—to the office of the Inspector‑General; or

                             (ii)  in the case of a document for the Official Receiver or the Official Trustee—to the office of the Official Receiver.

             (2)  Where subregulation (1) applies, the document is taken to be received, filed or lodged only when the document (or, where applicable, a copy of it) is actually received by, or on behalf of, the Inspector‑General or the Official Receiver (as the case requires).

16.03  Inventory by trustee taking possession of, or attaching, property

                   Where, under the Act, a trustee takes possession of, or attaches, the property of a bankrupt, debtor or deceased person, the trustee must, as soon as is reasonably practicable:

                     (a)  make, sign and date an inventory of the property; and

                     (b)  give a copy of the inventory to any person who has custody of the property or part of the property.

16.03A  Document filed by Inspector‑General or Official Receiver—fee not payable

                   A fee is not payable by the Inspector‑General or the Official Receiver in respect of an application to, or the filing of a document in, the Court.

Division 2Matters relevant to fees

Note:          Divisions 2 and 3 of Part 16 of the Regulations formerly provided for the fees in relation to the Act (including remuneration of the Official Trustee). As a result of the amendment of the Act by the Bankruptcy Legislation Amendment (Fees and Charges) Act 2006, the remuneration of the Official Trustee and fees in relation to the Act are now set out in the Fees and Remuneration Determination.

16.06  Payment of fees

             (1)  If a fee is payable in respect of:

                     (a)  the making of a request or an application to an Official Receiver; or

                     (b)  the presentation or lodgment of a document with an Official Receiver;

the request, application or document must not be dealt with unless the fee has been paid.

             (2)  If a fee is payable in respect of the doing of a matter or thing by an Official Receiver, the matter or thing must not be done unless the fee has been paid.

             (3)  However, prior payment of a fee is not required under subregulation (1) or (2) if the person has an alternative arrangement with the Inspector‑General about the method of payment.

Example:    An arrangement under which fees payable by a registered trustee are paid monthly in arrears.

16.07  Official Trustee’s entitlement to interim remuneration

             (1)  The Official Trustee’s entitlement to remuneration under the Fees and Remuneration Determination arises when the Official Trustee:

                     (a)  performs work or first acts in accordance with clause 3.03, 3.04, 3.07 or 3.08 of the Fees and Remuneration Determination; or

                     (b)  is appointed as described in clause 3.06 of the Fees and Remuneration Determination; or

                     (c)  first acts in accordance with subclause 3.09(1) of the Fees and Remuneration Determination; or

                     (d)  performs work as described in subclause 3.09(2) or clause 3.10 of the Fees and Remuneration Determination.

             (2)  For paragraph (1)(a), (b) or (d), remuneration is payable to the Official Trustee in respect of an amount received by the Official Trustee:

                     (a)  when the amount is received; and

                     (b)  at the rate applicable when the amount is received.

             (3)  For paragraph (1)(c), remuneration is payable to the Official Trustee:

                     (a)  from time to time as the funds are realised; and

                     (b)  at the rate applicable when the funds are realised.

16.08  Reimbursement of Official Trustee for expenses

             (1)  An amount equal to the amount of expenses incurred by the Official Trustee, in performing work of a kind mentioned in clause 3.03, 3.04, 3.08 or 3.09 of the Fees and Remuneration Determination in relation to an estate or debtor, is payable to the Official Trustee:

                     (a)  for work under clause 3.03, 3.08 or 3.09—out of the estate; or

                     (b)  for work under clause 3.04—out of the composition or scheme of arrangement.

             (2)  In this regulation:

amount realised has the meaning given by clause 3.01 of the Fees and Remuneration Determination.

16.09  Fees—notes and transcript of evidence

                   For paragraph 81(17)(b) of the Act, the prescribed fee is $20.

16.11  Waiver or remission of fees by Inspector‑General

             (1)  Subject to subregulation (2), the Inspector‑General may waive or remit the whole or part of any fee.

             (2)  A fee may only be waived or remitted, whether wholly or in part, if the Inspector‑General is reasonably satisfied that:

                     (a)  payment of the fee by the person liable to pay it has imposed, or would impose, undue hardship on the person; or

                     (b)  because of other exceptional circumstances, it is proper and reasonable to do so.

             (3)  For paragraph (2)(a), undue hardship means hardship that is unusual and exceptional in comparison to the hardship arising in the normal course of bankruptcy.

             (4)  A decision under subregulation (1) must be notified in writing to:

                     (a)  the person concerned; and

                     (b)  except where the fee is payable to the Inspector‑ General—the officer to whom the fee is or, but for the waiver or remission, would be payable.

             (5)  In this regulation:

fee means a fee payable under:

                     (a)  regulation 16.09; or

                     (b)  item 1, 2, 3, 4, 9, 13, 14 or 15 of the table following clause 2.01 of the Fees and Remuneration Determination; or

                     (c)  clause 2.02, 2.08 or 2.09 of the Fees and Remuneration Determination.

16.12  Review by AAT of decision of Inspector‑General

                   Application may be made to the Administrative Appeals Tribunal for review of a decision of the Inspector‑General under subregulation 16.11(1) to refuse to waive or remit the whole or part of a fee that became payable under a provision or item mentioned in the definition of fee in regulation 16.11.

Note:          Under section 27A of the Administrative Appeals Tribunal Act 1975, the decision‑maker must give any person whose interests are affected by the decision notice, in writing or otherwise, of the making of the decision and of the person’s right to have the decision reviewed. In giving that notice, the decision‑maker must have regard to the Code of Practice determined under section 27B of that Act (Gazette No. S 432, 7 December 1994).

Division 3Transitional

16.13  Application of Same‑Sex Relationships (Equal Treatment in Commonwealth Laws—General Law Reform) Act 2008

             (1)  The amendments made by items 20, 21, 22, 23, 29, 30 and 31 of Schedule 2 to the Same‑Sex Relationships (Equal Treatment in Commonwealth Laws—General Law Reform) Act 2008 apply to a bankruptcy the date of which is on or after the commencement of those amendments.

             (2)  The amendments made by items 25 to 28 of Schedule 2 to the Same‑Sex Relationships (Equal Treatment in Commonwealth Laws—General Law Reform) Act 2008 apply to a transfer of property that is made on or after the commencement of those amendments.

             (3)  The amendment made by item 16 of Schedule 2 to the Same‑Sex Relationships (Equal Treatment in Commonwealth Laws—General Law Reform) Act 2008 applies to an examinable period, within the meaning of section 139CA of the Act, that begins on or after the commencement of that amendment.

             (4)  For sections 265 and 268 of the Act, the amendments made by items 11, 13, 18 and 19 of Schedule 2 to the Same‑Sex Relationships (Equal Treatment in Commonwealth Laws—General Law Reform) Act 2008 applies to a disposition of property that is made on or after the commencement of those amendments.

 


Schedule 1Forms

(regulation 4.02)

  

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Schedule 2Modifications under section 76A of the Act—meetings of creditors under Division 6 of Part IV of the Act

(regulation 4.19)

  

1AA  Subsection 64A(2)

substitute

             (2)  Notice of a meeting:

                     (a)  for the first meeting of creditors—must be published in a manner approved by the Inspector‑General; and

                     (b)  for any other meeting of creditors—must be given in a manner specified in the regulations.

1AB  After subsection 64A(2)

insert

             (3)  The notice of the first meeting of creditors must include any matter approved by the Inspector‑General.

             (4)  For the purposes of paragraph (2)(a) and without limiting the power of the Inspector‑General under that paragraph, the Inspector‑General may:

                     (a)  approve, as the manner of publication of the notice of the first meeting of creditors, publication on a website; and

                     (b)  specify in the approval:

                              (i)  the website where the notice must be published; and

                             (ii)  any conditions relating to the approval.

Example:    The Inspector‑General may specify:

(a)    the format in which the notice is to be made available; and

(b)    the period of time for which the notice must remain on the website; and

(c)    whether related documents are to be made available for downloading from the website or in hard copy.

             (5)  An approval made by the Inspector‑General for the purposes of paragraph (2)(a) or subsection (3) must be published on the Insolvency and Trustee Service Australia’s website.

1AC  After section 64A

insert

64AA  Immunity from civil actions and proceedings

             (1)  A civil action or proceeding does not lie against a person who operates a website, specified in an approval for the purposes of paragraph 64A(2)(a) or subsection 64A(3), in respect of a publication of a notice of the first meeting of creditors (or a notice that appears to be a notice of the first meeting of creditors) if the publication was made in good faith and without negligence.

             (2)  Nothing in this section affects by implication any other ground of defence.

1  Section 64B (Certain matters to be included in notice of meeting)

            1.1  Add at the end:

                    ‘(6)  The trustee must attach to the notice:

                             (a)  the documents referred to in subsection 73(2); and

                             (b)  if the meeting is the first meeting of creditors held during the administration of the estate—a copy of:

                                          (i)  the bankrupt’s statement of affairs; or

                                         (ii)  a summary of that statement.’.

1B  After paragraph 64D(aa)

insert

                   (ab)  whether the creditor, in relation to the debtor, is a related entity; and

2  Section 64E (Notice about voting by proxy)

            2.1  Omit the section, substitute:

64E         Notice—proxy voting and voting on   bankrupt’s proposal

                    ‘(1)  The trustee must attach to the notice a form for use in:

                             (a)  appointing a proxy; and

                             (b)  expressing under subsection 73(5) the creditor’s assent to, or dissent from, the bankrupt’s proposal.

                    ‘(2)  The notice must tell the creditors that if a creditor wishes to appoint a person to represent the creditor at the meeting as the creditor’s proxy, the creditor must complete the form of appointment of proxy and either:

                             (a)  arrange for the proxy to give the completed form to the trustee before the meeting; or

                             (b)  send the completed form with the statement given by the creditor to the trustee in accordance with section 64D.

                    ‘(3)  The notice must tell creditors that if a creditor wishes to use the form to express his or her assent to or dissent from the bankrupt’s proposal, the creditor must arrange for the form to be given to the trustee before the meeting.’.

3  Section 64G (Agenda to be set out in notice of meeting)

            3.1  Paragraph 64G(g):

                   Omit the paragraph, substitute:

                    ‘(g)  consideration of the bankrupt’s proposals for a composition or scheme of arrangement;’.

            3.2  Paragraph 64G(k):

                   Omit the paragraph, substitute:

                    ‘(k)  proposal of:

                                          (i)  a special resolution accepting the bankrupt’s proposal for a composition or a scheme of arrangement; or

                                         (ii)  any other relevant motion;’.

4  Section 64R (Tabling of bankrupt’s statement of affairs)

            4.1  Omit the section, substitute:

64R      Provision of bankrupt’s statement of affairs,     bankrupt’s proposal and trustee’s report

                    ‘(1)  The President must then ask whether each creditor, or representative of a creditor, at the meeting has with him or her a copy of:

                             (a)  the bankrupt’s proposal; and

                             (b)  the trustee’s report on the proposal.

                    ‘(2)  If the meeting is the first meeting of the creditors, the President must also ask each creditor or representative whether the creditor or representative has a copy of the bankrupt’s statement of affairs with him or her.

                    ‘(3)  If a creditor or representative indicates that he or she does not have a copy of the proposal, the report or the statement of affairs with him or her, the trustee must give the creditor or representative, as soon as practicable, a copy of the proposal, report or statement, as the case requires.

                    ‘(4)  If the trustee cannot give a creditor or representative a copy of the proposal, report or statement of affairs within a reasonable time, the meeting is to be adjourned to a time and place decided by the meeting.

                    ‘(5)  In this section, a reference to a statement of affairs is taken to include a reference to a summary of such a statement.’.

5  Section 64S (Statements and questions)

            5.1  Subsection 64S(1)

                   Omit the subsection, substitute:

                    ‘(1)  The President must then invite the bankrupt to make a statement outlining his or her proposal to the meeting.

                 ‘(1A)  The President must then ask the trustee to comment on his or her report on the bankrupt’s proposal.’.

6  Section 64T (Motions)

            6.1  Omit the section, substitute:

64T    Motions

                    ‘(1)  The President must then call for a motion for a special resolution to approve the bankrupt’s proposal for a composition or scheme of arrangement.

                    ‘(2)  If a motion is:

                             (a)  not proposed; or

                             (b)  proposed but not passed;

                            the President may close the meeting.’.

7  Section 64U (Remuneration of registered trustee)

            7.1  Subsection 64U(1)

                   Omit the subsection, substitute:

                    ‘(1)  If:

                             (a)  a special resolution, accepting the bankrupt’s proposal, has been passed at the meeting; and

                             (b)  a registered trustee has consented to be the trustee of the composition or scheme of arrangement; and

                             (c)  the President has told the creditors and representatives at the meeting that provision for remuneration of the trustee may be included in the instrument setting out the terms of the composition or scheme;

                            the President must then ask the trustee of the composition or scheme of arrangement to state the basis on which the trustee wishes to be remunerated.’.

           7.2.  Subsection 64U(8):

                   Omit the subsection, substitute:

                    ‘(8)  If:

                             (a)  a special resolution, accepting the bankrupt’s proposal, has been passed at the meeting; and

                             (b)  the trustee of the bankruptcy is a registered trustee;

                            the President must ask the trustee to lay before the meeting a statement of the amount of remuneration drawn by the trustee from the funds of the bankrupt’s estate before the meeting was held.

                    ‘(9)  The trustee must comply with the President’s request.’.

8  Section 64V (Appointment of committee of      inspection)

            8.1  Omit the section.

9  Section 64W (Other business)

            9.1  Omit the section.

10  Section 64X (Next meeting)

          10.1  Omit the section.

10A  Before subsection 64Y(1)

insert

          (1A)  The trustee may adjourn a meeting to undertake further investigations, in relation to the proposal for the composition or scheme of arrangement, that the trustee considers necessary.

          (1B)  The creditors attending the meeting may, by special resolution, revoke the trustee’s decision to adjourn the meeting.

11  Section 64ZB (Manner of voting)

          11.1  After subsection 64ZB(1), insert:

                 ‘(1A)  A creditor may, in a written vote given to the trustee at least 2 clear days (not including a Saturday, a Sunday or a public holiday) before the meeting is held, vote on a special resolution to accept a proposal by a bankrupt for a composition or scheme of arrangement.’.

11A  After subsection 64ZC(5)

insert

          (5A)  An instrument appointing a proxy must include:

                     (a)  a statement disclosing whether or not the creditor has received, or will receive, a financial incentive:

                              (i)  to appoint the proxy; or

                             (ii)  to direct the proxy as to the manner in which the proxy is to vote on a particular matter or matters that may arise, or on a particular motion or motions that may be proposed, at a meeting to which the proxy relates; and

                     (b)  if the proxy or creditor has received, or will receive, a financial incentive in relation to a matter mentioned in paragraph (a)—a statement specifying the amount of financial incentive paid or to be paid and the name of the person who paid, or is to pay, the financial incentive.

12  Section 64ZE (Joint bankruptcies)

          12.1  Omit the section.

 

Schedule 3Paragraph 109(1)(a) of the Act—order of payment of first priority debts

(regulation 6.01)

              1.  Realisations charges payable under the Bankruptcy (Estate Charges) Act 1997

           1A.  If the Official Trustee transfers the administration of the bankruptcy to a registered trustee:

                     (a)  the remuneration set out in Division 3.2 of the Fees and Remuneration Determination that is payable to the Official Trustee; and

                     (b)  the reimbursement set out in regulation 16.08 that is payable to the Official Trustee.

              2.  Expenses reasonably incurred by or on behalf of the trustee:

                     (a)  in protecting all or part of the bankrupt’s assets; or

                     (b)  in carrying on, in accordance with the Act, a business of the bankrupt; or

                     (c)  by way of an advance made to the trustee of the bankrupt’s estate for payment of properly incurred expenses of the estate for any proper purpose (other than remuneration of the trustee)

              3.  Other fees, costs, charges and expenses payable by the trustee in administering the bankrupt’s estate

              4.  Where:

                     (a)  a creditor has deposited an amount in accordance with an order made under section 50 of the Act; and

                     (b)  the amount, or part of the amount, has been used for meeting the expenses referred to in that regulation;

the amount, or part of the amount, that has been so used

              5.  The taxed costs of the petitioning creditor, the administrator of the estate of a deceased person or the applicant under Part X of the Act for a sequestration order and, if a petitioning creditor under Part X of the Act also applied for an order under Division 5 or 6 of Part IX of the Act, any taxed costs of the creditor in respect of the application*

              6.  The trustee’s lawful remuneration

              7.  Where the creditors, or a majority of them, have approved payment of out‑of‑pocket expenses incurred by a member of the committee of inspection—those expenses, to the extent that the trustee of the bankrupt’s estate allows them as being fair and reasonable

              8.  Costs of any audit carried out under section 175 of the Act

*Note:        For the extended application of item 5, see subregulation 6.01(2).

Schedule 4Modifications of the Fringe Benefits Tax Assessment Act 1986

(regulation 6.12)

  

1  Section 7 (Car benefits)

            1.1  Subsections 7(1), (2), (3) and (4):

                   Omit the subsections, substitute:

                    ‘(1)  Where, at any time on a day, a person:

                             (a)  applies a car held by the person; or

                             (b)  makes a car held by the person available;

for the private use of a bankrupt, the car is taken, for the purposes of this Act, to constitute a benefit provided on that day by the first‑mentioned person to the bankrupt.’.

2  Section 8 (Exempt car benefits)

            2.1  Subsections 8(1) and (2):

                   Omit the subsections.

3  Section 9 (Taxable value of car fringe benefits—statutory formula

            3.1  Subparagraphs 9(2)(c)(i) and (ii):

                   Omit the subparagraphs, substitute:

                                         ‘(i)  for the first contribution assessment period:

                                        (A)  where the annualised number of whole kilometres travelled by the car during the year preceding the bankruptcy was more than 40,000—0.07; or

                                        (B)  where the annualised number of whole kilometres travelled by the car during the year preceding the bankruptcy was not more than 40,000 and not less than 25,000—0.11; or

                                        (C)  where the annualised number of whole kilometres travelled by the car during the year preceding the bankruptcy was less than 25,000 and not less than 15,000—0.20; or

                                        (D)  where the annualised number of whole kilometres travelled by the car during the year preceding the bankruptcy was less than 15,000—0.26; and

                                         (ii)  for each subsequent contribution assessment period:

                                        (A)  where the annualised number of whole kilometres travelled by the car during the previous contribution assessment period was more than 40,000—0.07; or

                                        (B)  where the annualised number of whole kilometres travelled by the car during the previous contribution assessment period was not more than 40,000 and not less than 25,000—0.11; or

                                        (C)  where the annualised number of whole kilometres travelled by the car during the previous contribution assessment period was less than 25,000 and not less than 15,000—0.20; or

                                        (D)  where the annualised number of whole kilometres travelled by the car during the previous contribution assessment period was less than 15,000—0.26;’.

            3.2  Paragraph 9(2)(d):

                   Omit the paragraph, substitute:

                           ‘(d)  the annualised number of whole kilometres travelled by the car during a contribution assessment period is:

                                          (i)  if records of the bankrupt show the number of kilometres travelled by the car during the year preceding that period—that number of kilometres; or

                                         (ii)  in any other case—the number of kilometres worked out in accordance with the following formula:

;

where:

                                                         A     is the number of whole kilometres travelled by the car during the period (in this subsection referred to as the ‘holding period’) constituting that part of the contribution assessment period during which the provider held the car; and

                                                         B     is the number of days in the contribution assessment period; and

                                                         C     is the number of days in the holding period; and’.

            3.3  Sub‑subparagraph 9(2)(e)(ia)(B):

                   Omit the sub‑subparagraph.

            3.4  Subsection 9(2):

                   Add at the end:

Examples:

1.                Assessment in the first contribution assessment period

                   A car is purchased in June 1994 for Christopher’s use. The purchase price of the car is $20,000. During the period up to till 30 June 1995, Christopher uses the car on 200 days and travels 10,000 kilometres in that period. Christopher is declared bankrupt on 1 July 1992. His contribution to expenses is $300.

                   The annualised number of kilometres according to the formula  is

 

 

The figures to be inserted in the formula for calculating the value of the car benefit are:

A                (base value): $20,000;

B                (statutory fraction [for 18,250 km.]): 0.20;

C                (days when benefit provided): 365;

D                (days in contribution assessment period): 365;

E                 (bankrupt’s contribution): $300.

           The value of the car benefit, according to the formula  is:

 

 

2.                Assessment in the second contribution assessment period

                   Suppose that the same car is provided in the second contribution assessment period for the use of the bankrupt, and that during the first contribution assessment period the car travelled 40,000 kilometres. The annualised number of kilometres for the second contribution assessment period is then 40,000 kilometres. Suppose also that the bankrupt’s contribution remains $300. All figures will remain the same except the statutory fraction, which will be 0.11. According to the formula, the value of the benefit in the second contribution assessment period is:

 

’.

 

4  Section 10 (Taxable value of car fringe benefits—cost basis)

            4.1  Omit the section.

5  Section 10A (No reduction of operating cost in a log book year of tax unless log book records and odometer records are maintained)

            5.1  Omit the section.

6  Section 10B (no reduction of operating cost in a non‑log book year of tax unless log book records and odometer records are maintained in log book year of tax)

            6.1  Omit the section.

7  Section 10C (Nominated business percentage to be reduced if it exceeds business percentage established during applicable log book period or if it is unreasonable)

            7.1  Omit the section.

8  Section 11 (Calculation of depreciation and interest)

            8.1  Omit the section.

9  Section 12 (Depreciated value)

            9.1  Omit the section.

10  Section 13 (Expenditure to be increased in certain circumstances)

          10.1  Subsection 13(1):

                   Omit all the words after ‘section 9’.

11  Section 22A (Taxable value of in‑house expense payment fringe benefits)

          11.1  Omit the section.

12  Section 23 (Taxable value of external expenses payment fringe benefits)

          12.1  Omit ‘external’.

13  Section 26 (Taxable value of non‑remote housing fringe benefits)

          13.1  Omit the section, substitute:

            ‘26       Taxable value of housing fringe benefits

                            Subject to this Part, the value of a housing fringe benefit in relation to a contribution assessment period is the portion of the market value of the recipient’s current housing right that exceeds the recipient’s rent’.

14  Section 28 (Indexation factor for valuation purposes—non‑remote housing)

          14.1  Omit the section.

15  Section 29 (Taxable value of remote area accommodation)

          15.1  Omit the section.

16  Section 29A (Indexation factor for valuation purposes—remote area accommodation)

          16.1  Omit the section.

17  Section 31 (Taxable value of living‑away‑from‑home allowance fringe benefits)

          17.1  Add at the end:

                    ‘(2)  For the purposes of this section, ‘deducted home consumption expenditure’ referred to in the definition of exempt food component in section 136 to be taken to be:

                             (a)  in relation to a person of the age of 12 years or over—$42; and

                             (b)  in relation to a person under the age of 12 years—$21.

Example:    Calculation of the value of a living‑away‑from‑home allowance.

                   Assume that a bankrupt living away from his or her family is given a living‑away‑from‑home allowance of $220 a week. Of this amount, $100 represents reasonable compensation for the costs of accommodation (i.e. the ‘exempt accommodation component’ is $100), and $80 represents reasonable compensation for the cost of food.

                   The remaining $40 is compensation for the disadvantage of living away from home in a town where facilities that would be available at home are not available.

                   Under subsection 31(2), the exempt food component is $80 minus $42 (i.e. the compensation for increased food cost less the deducted home consumption expenditure). The value of the benefit is:

’.

18  Section 32: (Airline transport benefits)

          18.1  Sub‑subparagraph 32(b)(ii)(B):

                   Omit ‘and’.

          18.2  Paragraph 32(c):

                   Omit the paragraph.

19  Section 36 (Taxable value of board fringe benefits)

          19.1  Omit the section, substitute:

            ‘36       Taxable value of board fringe benefits

                            Subject to this Part, the value of a board fringe benefit is:

                             (a)  in relation to a contribution assessment period beginning:

                                          (i)  on 1 July 1992; or

                                         (ii)  during the year beginning on 1 July 1992;

                                   $1; and

                             (b)  in relation to a later contribution assessment period—a sum worked out according to the formula:

                                 where:

                                   CPI is the increase in the All Groups Consumer Price Index number that is the weighted average of the 8 capital cities published by the Australian Statistician in respect of the period that commences on 1 July 1992 and ends immediately before the start of the financial year in which the contribution assessment period commences.’.

20  Section 37 (Reduction of taxable value—‘otherwise deductible’ rule)

          20.1  Omit the section.

21  Division 11 of Part III (Property fringe benefits)

          21.1  Omit the Division.

22  Section 46 (Year of tax in which residual benefits taxed)

          22.1  Omit the section, substitute:

            ‘46       Contribution assessment period in which residual fringe benefits are to be assessed

                            A residual benefit that is provided during a period which extends over two or more contribution assessment periods is subject to assessment for income contribution in each of those periods.’.

23  Section 48 (Taxable value of in‑house non‑period residual fringe benefits)

          23.1  Omit the section.

24  Section 49 (Taxable value of in‑house period residual fringe benefits)

          24.1  Omit the section.

25  Section 50 (Taxable value of external non‑period residual fringe benefits)

          25.1  Omit the section, substitute:

            ‘50     Value of residual fringe benefits

                            Subject to this Part, the value of a residual fringe benefit in relation to a contribution assessment period is the cost to the provider of providing the benefit, reduced by the amount of the recipient’s contribution.’.

26  Section 51 (Taxable value of external period residual fringe benefits)

          26.1  Omit the section.

27  Division 14 of Part III (Reduction of taxable value of miscellaneous fringe benefits)

          27.1  Omit the Division.

28  Division 14A of Part III (Amortisation of taxable value of fringe benefits relating to remote area home ownership schemes)

          28.1  Omit the Division.

29 Division 14B of Part III (Reducible fringe benefits relating to remote area home ownership repurchase schemes)

          29.1  Omit the Division.

30   Section 136 (Interpretation)

          30.1  Subsection 136(1):

                   Insert the following definition:

contribution assessment period has the meaning given by section 139K of the Bankruptcy Act 1966 as in force from time to time.’.

          30.2  Subsection 136(1) (definition of family member):

                   Omit the definition, substitute:

family member, in relation to:

                     (a)  a benefit provided to a employee, or to an associate of a employee, means:

                              (i)  the employee; or

                             (ii)  the spouse of the employee; or

                            (iii)  a child of the employee; and

                     (b)  a benefit provided to a bankrupt, or to an associate of a bankrupt, means:

                              (i)  the bankrupt; or

                             (ii)  the spouse of the bankrupt; or

                            (iii)  a child of the bankrupt;’.

          30.3  Subsection 136(1) (definition of fringe benefit):

                   Omit the definition, substitute:

fringe benefit, in relation to a bankrupt, in relation to a contribution assessment period, means a benefit provided at any time during the period by any person to the bankrupt, other than:

                     (a)  a benefit provided to the bankrupt by his or her spouse under, or because of a genuine maintenance agreement between the spouses; or

                     (b)  a benefit provided under a maintenance order, within the meaning of the Bankruptcy Act 1966 as in force from time to time; or

                     (c)  the benefit of an order by a court in favour of the bankrupt in respect of costs of litigation; or

                     (d)  educational expenses paid by any person in respect of a child of:

                              (i)  the bankrupt; or

                             (ii)  the bankrupt’s spouse; or

                     (e)  the amount of a refund, or part of a refund, due by the Commissioner to the bankrupt under a law of the Commonwealth, being an amount that the Commissioner has lawfully offset against a tax liability, within the meaning of the Taxation Administration Act 1953 as in force from time to time, of the bankrupt; or

                      (f)  subject to subsection (1A), a benefit of a kind referred to in paragraphs (f) to (p) (inclusive) of the definition of fringe benefit in this Act (in its unmodified form) as in force at the beginning of 1 July 1992; or

                     (g)  support by way of one or both of the following:

                              (i)  lodging (including any board); or

                             (ii)  occasional use of a motor vehicle used for domestic purposes;

                            up to a value of $250 a week, if the support is provided by a person in the person’s principal place of residence, and the person is:

                            (iii)  a close relative; or

                            (iv)  a brother or sister (including a half‑brother, half‑ sister, adoptive brother or adoptive sister);

                            of the bankrupt.

Note:          Close relative, in relation to a person, is defined in section 136 of the Fringe Benefits Tax Assessment Act 1986 as:

(a)    the spouse of the person; or

(b)    a child or parent of the person; or

(c)    a parent of the person’s spouse.’.

          30.4  After subsection 136(1), insert:

                 ‘(1A)  For the purposes of paragraph (f) of the definition of fringe benefit in subsection (1), paragraph (h) of the paragraphs referred to in that paragraph has effect as if ‘the employee, or by a relative of the employee,’ were omitted and ‘the bankrupt’ substituted.’.

 


Schedule 4APerformance standards for trustees (including controlling trustees)

(regulation 8.34A)

Part 1Preliminary

  

1.1  Purpose

             (1)  This Schedule sets out standards for the minimum level of acceptable conduct and performance of:

                     (a)  a registered trustee when exercising the powers, or carrying out the duties, of a registered trustee under the Act; and

                     (b)  a solicitor exercising the powers, or carrying out the duties, of a controlling trustee under the Act.

Note 1:       Subsection 155H(1) of the Act provides that the Inspector‑General may ask a registered trustee to give the Inspector‑General a written explanation why the trustee should continue to be registered, if the Inspector‑General believes that the trustee has failed to comply with a standard prescribed in Schedule 4A. Under subsection 155H(2) of the Act, if the Inspector‑General does not receive an explanation within a reasonable time, or is not satisfied by the explanation, the Inspector‑General must convene a committee to consider whether the trustee should continue to be registered. Section 155I of the Act sets out the committee’s powers when considering whether a trustee should continue to be registered.

                   Matters that the Inspector‑General or a committee might consider include:

(a)    the importance of a standard that has not been complied with; and

(b)    the seriousness of the effect of a failure to comply with a standard, including the impact the failure to comply has on a particular estate; and

(c)    a trustee’s performance history and whether the trustee has previously failed to comply with a standard.

Note 2:       Under paragraph 8.35(2)(a), the Inspector‑General may determine that a person who is or has been a controlling trustee is not eligible to act as a controlling trustee because the person has failed to meet a standard in this Schedule that applies to a controlling trustee.

             (2)  The purpose of these standards is to ensure:

                     (a)  that a person to whom these standards apply acts at all times in accordance with the person’s powers and duties under the Act and these Regulations and in relation to the practice of bankruptcy law generally; and

                     (b)  that an administration to which these standards apply is carried out consistently at a high level.

1.2  Definitions

                   In this Schedule:

administration means:

                     (a)  the administration of the estate of a bankrupt; or

                     (b)  the administration of a composition or scheme of arrangement under Division 6 of Part IV of the Act; or

                     (c)  the administration of a personal insolvency agreement; or

                     (d)  the administration of a debtor’s property that has become subject to control under Division 2 of Part X of the Act; or

                     (e)  the administration of the estate of a deceased person under Part XI of the Act.

contribution assessment period, in relation to a bankrupt, has the meaning given by section 139K of the Act.

contributions liability, in relation to a bankrupt, means the contribution that a bankrupt is liable to pay in respect of a contribution assessment period, calculated in accordance with section 139S of the Act.

controlling trustee means a registered trustee or a solicitor who is controlling the property of a debtor under an authority given under section 188 of the Act.

deceased person means a deceased person in respect of whose estate an order for administration under Part XI of the Act has been made.

divisible property:

                     (a)  in relation to a bankrupt, means property divisible among his or her creditors within the meaning of section 116 of the Act; and

                     (b)  in relation to a debtor, means property divisible among his or her creditors within the meaning of section 187 of the Act; and

                     (c)  in relation to a deceased person, means the divisible property of that person’s estate as defined by subsection 249(6) of the Act.

Part 2General standards

Division 2.1Application

2.1  Application of Part 2

                   This Part applies to:

                     (a)  the trustee of the estate of a bankrupt; and

                     (b)  the trustee of a composition or scheme of arrangement under Division 6 of Part IV of the Act; and

                     (c)  the trustee of a personal insolvency agreement; and

                     (d)  a controlling trustee; and

                     (e)  the trustee of the estate of a deceased person.

Division 2.2         —General

2.2  Duty to act honestly and impartially

             (1)  The trustee must act honestly and impartially in relation to each administration, including not signing, or associating himself or herself with, a document that the trustee knows, or ought reasonably to know, is false or misleading.

             (2)  The trustee must not include in any document prepared by the trustee a clause that disclaims the trustee’s responsibility for the document’s authenticity.

2.3  Conflict of interest

                   If, during an administration, it becomes apparent that the trustee has an actual or potential conflict of interest in relation to the administration, the trustee must, as soon as practicable after becoming aware of the conflict of interest:

                     (a)  notify the creditors, the person who appointed the trustee, a committee of inspection or the court, as appropriate, of the conflict of interest; and

                     (b)  take appropriate steps to avoid the conflict of interest.

Examples:  Conflicts of interest

1.  The appointer or, in the case of a sequestration order, the bankrupt is or was a client of the trustee or the trustee’s firm in relation to a financial, trust or insolvency planning matter.

2.  The trustee or a member of the trustee’s firm is a personal friend, relative or business associate of the debtor.

2.4  Use of information relating to an administration

                   The trustee must comply with section 16A of the Privacy Act 1988 when dealing with information relating to an administration.

Note:          Section 16A of the Privacy Act 1988 provides that an organisation must not do an act, or engage in a practice:

(a)    that breaches an approved privacy code binding the organisation; or

(b)    to the extent (if any) that the organisation is not bound by an approved privacy code—that breaches a National Privacy Principle.

                   The National Privacy Principles are set out in Schedule 3 to the Privacy Act 1988.

2.5  Compliance with standards by trustee’s employees

                   The trustee must ensure that his or her employees comply with these standards.

2.6  Preliminary inquiries and actions

                   The trustee must undertake preliminary inquiries and actions at the start of each administration, including the following:

                     (a)  informing the bankrupt, debtor or legal personal representative of the deceased person of his or her obligations under the Act and the penalties for failing to comply with those obligations;

                     (b)  obtaining and reviewing the statement of affairs of the bankrupt, debtor or deceased person;

                     (c)  if necessary, interviewing the bankrupt, debtor or legal personal representative of the deceased person to clarify any matters in the statement of affairs;

                     (d)  identifying and making an assessment of realisable assets that could be expected to:

                              (i)  provide, on a cost‑benefit basis, a return to creditors; or

                             (ii)  contribute to the payment of the costs and fees of the administration;

                     (e)  assessing a bankrupt’s contributions liability;

                      (f)  determining the likelihood of whether the estate of the bankrupt or deceased person, or the property of the debtor, includes property that can be realised to pay a dividend to creditors;

                     (g)  if the trustee has a genuine reason for believing that a bankrupt, debtor or legal personal representative of the deceased person may not have disclosed an interest in real or other registered property—conducting appropriate searches for such property;

                     (h)  if information obtained from a search mentioned in paragraph (g) shows that the bankrupt, debtor or legal representative of the deceased person has not made full and true disclosure of his or her interest in property:

                              (i)  making inquiries of third parties about the information; or

                             (ii)  if further inquiries are not made, explaining to the creditors why further inquiries were considered unnecessary;

                      (i)  if the trustee considers that there may have been antecedent transactions—making inquiries of third parties to identify those transactions;

                      (j)  cooperating with the Inspector‑General by, for example, responding to reasonable requests for information.

2.7  Investigation of matters affecting administration

             (1)  The trustee must consider the views of creditors regarding the extent to which investigations are undertaken in an administration.

             (2)  The trustee must inform creditors, as soon as practicable, of the outcomes of inquiries undertaken in the administration.

Division 2.3Assets

2.8  Realising assets

                   The trustee must realise only those assets:

                     (a)  that will give a cost‑effective return to creditors; or

                     (b)  that contribute to the payment of the costs of the administration; or

                     (c)  that may be realised in accordance with a personal insolvency agreement.

2.9  Ownership or interests in assets

                   In determining the ownership of, or an interest in, an asset that is part of divisible property, the trustee must act reasonably and claim only the amount that fairly represents the interest in, or value of, the asset.

2.10  Obtaining advice about interest or value

                   If the value of divisible property is likely to have a material impact on the administration, the trustee must obtain advice from an independent expert in assessing:

                     (a)  the extent of the trustee’s interest in any realisable asset; and

                     (b)  the value of the property or offers for the property.

2.11  Disposal of property

                   The trustee must act independently and impartially in undertaking transactions and dealings relating to the disposal of the property of a bankrupt, debtor or deceased person.

2.12  Records

                   If, in an administration, the trustee makes a decision about the identification, protection, realisation or write‑off of a significant asset of a bankrupt, debtor or deceased person that may have a material impact on the administration, the trustee must:

                     (a)  record the decision in writing; and

                     (b)  keep the record on the trustee’s file for the administration.

Division 2.4Remuneration and costs

2.13  Costs incurred to be necessary and reasonable

                   In conducting an administration, the trustee must:

                     (a)  incur only those costs that are necessary and reasonable; and

                     (b)  before deciding whether it is appropriate to incur a cost, compare the amount of the cost likely to be incurred with the value and complexity of the administration.

2.14  Receipt of moneys as trustee’s remuneration

             (1)  If the trustee receives moneys from a debtor, bankrupt, legal personal representative of a deceased person, creditor or third party that are intended to cover the trustee’s remuneration, the moneys must be:

                     (a)  included in the trustee’s remuneration fixed in accordance with section 162 of the Act; and

                     (b)  properly accounted for in accordance with sections 168 and 169 of the Act.

2.15  Rate for tasks undertaken by trustee’s staff

                   The trustee must ensure that time billed for a task undertaken in conducting an administration is charged at the appropriate rate for the level of staff who would be reasonably expected to undertake the task.

2.16  Records

                   The trustee must ensure that proper records are kept that:

                     (a)  provide evidence of the time spent on work done in conducting an administration; and

                     (b)  adequately describe the nature of the work.

Division 2.5         Files and access to information

2.17  File maintenance

             (1)  The trustee must keep separate files for each administration.

             (2)  The trustee must keep a record of every material decision in an administration, and any supporting documentation relied on in relation to the decision, on the file for the administration.

2.18  Provision of information to creditors

             (1)  This clause applies to:

                     (a)  the trustee of a composition or scheme of arrangement under Division 6 of Part IV of the Act; and

                     (b)  the trustee of a personal insolvency agreement; and

                     (c)  the trustee of the estate of a deceased person.

             (2)  The trustee and the trustee’s staff must give information about an administration to a creditor who reasonably requests it.

Division 2.6         Meetings of creditors

2.19  Need for meeting

                   The trustee must consider whether the matters sought to be addressed at a meeting of creditors:

                     (a)  require the holding of a meeting; or

                     (b)  could be addressed more cost effectively by another form of communication with creditors, for example, a creditors’ resolution without a meeting in accordance with section 64ZBA of the Act.

2.20  Matters to be considered when holding a meeting

                   In deciding whether the proposed time and place for a meeting of creditors is convenient for the creditors, the trustee must consider the following:

                     (a)  the requirements for meetings set out in the Act and these Regulations;

                     (b)  the location of creditors;

                     (c)  the ability of creditors to return proxies and statements of debt;

                     (d)  the complexity of issues to be considered by creditors before the meeting.

2.21  Attendance at meeting

                   The trustee, or a person appointed under subsection 63B(1) of the Act to represent the trustee at a meeting of creditors, must attend the meeting.

2.22  President’s duties at creditors’ meeting

             (1)  This clause applies to the following persons:

                     (a)  a trustee who is elected to preside at a meeting of creditors;

                     (b)  a person appointed under subsection 63B(1) of the Act to represent the trustee at a meeting of creditors;

                     (c)  a controlling trustee presiding at a meeting of creditors.

             (2)  The person must:

                     (a)  ensure that proper meeting procedures are followed; and

                     (b)  ensure that the requirements relating to meetings set out in the Act and these Regulations are complied with; and

                     (c)  ensure that all persons attending the meeting who are entitled to ask questions of the trustee, the bankrupt, the debtor or the legal personal representative of the deceased person are given an opportunity to do so; and

                     (d)  ensure that the minutes secretary complies with the requirements of section 64Z of the Act; and

                     (e)  take reasonable steps to establish whether there is sufficient evidence to support a creditor’s statement under section 64D of the Act in relation to the amount of liability of the bankrupt, the debtor or the estate of the deceased person to the creditor.

2.23  Attendance of Inspector–General at meetings

                   The trustee must not prevent the Inspector‑General from attending, or participating in, a meeting of creditors.

Division 2.7         Trustee’s accounts

2.24  Records of accounts

             (1)  The trustee must maintain a separate record of receipts and payments for each administration.

             (2)  If a single bank account is kept for 2 or more administrations, the trustee must collectively reconcile the records for the individual administrations with the bank records each month.

2.25  Verifying payments and transfers

                   The trustee must verify all payments from an administration, and transfers between estates, by reference to appropriate supporting vouchers and original documents kept on the administration file.

2.26  Cash book

                   The trustee must regularly reconcile the cash book for an administration with the bank records for the administration, in accordance with the amount of activity in relation to the administration.

Part 3Standards for trustees other than controlling trustees

Division 3.1Application

3.1  Application of Part 3

                   This Part applies to:

                     (a)  the trustee of the estate of a bankrupt; and

                     (b)  the trustee of a personal insolvency agreement; and

                     (c)  the trustee of the estate of a deceased person.

Division 3.2         —Reporting to creditors

3.2  Notification of administration

                   The notice given by the trustee to the creditors of a bankrupt, debtor or deceased person must include the following information:

                     (a)  the name, date of birth, address and occupation of the bankrupt, debtor or legal personal representative of the deceased person;

                     (b)  the business name or name of any associated entity or related entity of the bankrupt, debtor or deceased person;

                     (c)  the date and type of administration;

                     (d)  an outline of matters investigated by the trustee up to the date of the notification;

                     (e)  advice about any possible contributions liability of the bankrupt;

                      (f)  any matters the trustee has identified as needing further investigation.

Division 3.3Creditors’ claims

3.3  Provable debts in a joint administration

                   In conducting an administration in relation to joint bankrupts or debtors, the trustee must ensure that a debt is proved in the appropriate estate.

3.4  Evidence relating to proof of debt

                   The trustee must ensure that each creditor’s claim or proof of debt in relation to an administration bears evidence of:

                     (a)  its admission or rejection; and

                     (b)  the reason for its admission or rejection; and

                     (c)  the amount for which the claim or proof of debt has been admitted.

3.5  Evidence of liability for debt

             (1)  If necessary, the trustee must ask a creditor to give evidence in writing in relation to a debt claimed by the creditor:

                     (a)  to establish the liability of a bankrupt, a debtor or the estate of a deceased person for the debt; or

                     (b)  to identify the estate or property against which the claim should be admitted.

             (2)  If the trustee considers that evidence given under subclause (1) is insufficient for the purposes of paragraph (1)(a) or (b), the trustee, before asking for further information, must have regard to the expected dividend rate and the materiality of the issue requiring clarification.

             (3)  The trustee must keep a copy of any evidence or information relied on in deciding, for the purposes of voting or distributing dividends, whether to accept or reject the creditor’s claim.

Division 3.4Distribution of dividends

3.6  Creditors’ views to be considered

                   The trustee must consider the views of creditors in relation to whether moneys held by the trustee should be:

                     (a)  applied to conduct further investigations in relation to the administration; or

                     (b)  distributed as a dividend.

3.7  Distribution of estate funds

             (1)  The trustee must distribute estate funds in a timely manner, having regard to:

                     (a)  the complexity of the administration and the claims of creditors; and

                     (b)  the amount of funds available for distribution; and

                     (c)  the need to retain funds in the estate or property to meet existing or expected commitments.

             (2)  The trustee must make an interim distribution of dividends to creditors unless an existing or expected commitment is likely to account for a significant level of the available funds from the estate or property.

3.8  Advice relating to dividends and administration

                   The trustee must, when distributing dividends to the creditors of a bankrupt, a debtor or the estate of a deceased person, advise creditors about whether:

                     (a)  further dividends are expected to be distributed; or

                     (b)  the administration is finalised.

3.9  Records

                   The trustee must keep a record of the following information for each administration:

                     (a)  the name of each creditor who received a dividend;

                     (b)  the amount of each admitted claim;

                     (c)  the amount of dividend paid to each creditor.

Part 4—Standards for trustees of bankrupt estates

Division 4.1Application

4.1  Application of Part 4

                   This Part applies to:

                     (a)  the trustee of the estate of a bankrupt; and

                     (b)  the trustee of the estate of a deceased person.

Division 4.2Assets

4.2  Identifying assets for vesting

                   The trustee must take appropriate steps to identify the assets of the estate of a bankrupt or deceased person that will vest in the trustee, including the following:

                     (a)  obtaining and reviewing the statement of affairs of the bankrupt or deceased person;

                     (b)  considering the size of the deficiency in the estate for the purpose of finding possible assets or determining whether an issue needs to be investigated;

                     (c)  considering the activities and circumstances of the bankrupt or deceased person to decide whether assets disclosed by the bankrupt or the legal representative of the deceased person are consistent with what would be expected of a bankrupt having a similar background or undertaking a similar activity;

                     (d)  if the bankrupt is or was, or the deceased person was, involved in significant corporate or trust activity—making inquiries of third parties (for example, solicitors, accountants, creditors, associated entities and financial institutions) to establish whether there is any divisible property or antecedent transactions.

4.3  Protecting certain assets

                   The trustee must take appropriate steps to protect assets with a commercial value that have vested in him or her, including doing any or all of the following:

                     (a)  ensuring that the assets are adequately insured;

                     (b)  taking possession of the assets;

                     (c)  perfecting legal ownership of the assets.

Division 4.3         Contributions

4.4  Application of Division 4.3

                   This Division applies to the trustee of the estate of a bankrupt.

4.5  Income and contribution assessment

             (1)  The trustee must, as soon as possible after all necessary information has been made available, make an assessment of:

                     (a)  the income of a bankrupt in respect of a contribution assessment period; and

                     (b)  the contribution that the bankrupt is liable to pay.

             (2)  The trustee must:

                     (a)  act fairly and reasonably in determining the time for payment of contributions liability; and

                     (b)  if full payment within the contribution assessment period or before discharge would cause hardship to the bankrupt, consider giving the bankrupt an extension of the time for payment of contributions liability.

             (3)  The trustee must give the bankrupt a copy of the assessment of income and contributions liability, setting out and explaining the basis on which the amount of any contributions liability has been calculated.

4.6  Monitoring payment of contributions

                   The trustee must:

                     (a)  monitor the payment of contributions by a bankrupt to ensure the contributions liability is discharged; and

                     (b)  if necessary, take appropriate steps to recover contributions that remain unpaid after the time for payment has passed.

Part 5Standards for controlling trustees

  

5.1  Application of Part 5

                   This Part applies to a controlling trustee.

5.2  Notification of administration

                   The notice given by the controlling trustee to the creditors of the debtor must include the debtor’s name, date of birth, address and occupation.

5.3  Investigating debtor’s property and income

             (1)  As soon as practicable after an authority under section 188 of the Act becomes effective, the controlling trustee must conduct appropriate investigations of the debtor’s property and income.

             (2)  If the debtor’s property includes significant real estate, company structures or motor vehicles, the controlling trustee must:

                     (a)  search the appropriate registries for information about the property; and

                     (b)  obtain advice from an independent expert about the value of the property.

             (3)  If the debtor was or is involved in significant corporate or trust activity, the controlling trustee must take appropriate steps to identify the assets of the debtor that will be subject to the personal insolvency agreement, including making inquiries of third parties (for example, solicitors, accountants, creditors, associated entities and financial institutions) to establish whether there is any divisible property or antecedent transactions.

5.4  Report to creditors

                   The controlling trustee’s report under section 189A of the Act must also include the following:

                     (a)  information about each matter mentioned in subsection 188A(2) of the Act;

                     (b)  the basis on which the debtor’s property has been valued;

                     (c)  the kind of investigations the controlling trustee has carried out and whether any other matters need to be investigated;

                     (d)  the reasons for the controlling trustee’s opinion about whether creditors’ interests would be better served by accepting the debtor’s proposal for dealing with the debtor’s affairs under Part X of the Act or by the bankruptcy of the debtor.

5.5  Records

                   The controlling trustee must ensure that:

                     (a)  bank accounts maintained in accordance with sections 168 and 169 of the Act; and

                     (b)  records maintained in accordance with section 173 of the Act in respect of all transactions relating to the debtor’s property;

are kept separate from records relating to any later administration that takes place in relation to the debtor.

5.6  Voting at creditors’ meeting

                   In deciding whether a creditor is entitled to vote at a meeting of creditors, the controlling trustee must:

                     (a)  have regard to the merits of the creditor’s claim; and

                     (b)  act impartially and independently, without regard to the debtor’s wishes.

 


Schedule 6Modifications in relation to Part X of the Act

(regulations 10.01, 10.05, 10.07, 10.08 and 10.13)

Part 1Modifications of Part X of the Act—joint debtors

1  Section 187A

omit

This Part

insert

             (1)  This Part

2  Section 187A

insert

             (2)  In the application of this Part (other than subsection 187(1A)) to joint debtors, whether partners or not, an expression specified in one of the following rules of interpretation applies to the extent that the context reasonably permits:

                     (a)  ‘a debtor’ is to be read as ‘joint debtors’;

                     (b)  ‘the debtor’ is to be read as ‘the joint debtors’;

                     (c)  ‘the debtor’s’ is to be read as ‘the joint debtors’;

                     (d)  if used in relation to a debtor:

                              (i)  ‘he or she’ is to be read as ‘they’; and

                             (ii)  ‘his or her’ is to be read as ‘their’; and

                            (iii)  ‘him or her’ is to be read as ‘them’; and

                            (iv)  a noun or verb in the singular form is to be read as being in the plural form.

             (3)  Subsection (2) applies, subject to any specific modifications of this Part by the Bankruptcy Regulations 1996.

             (4)  To the extent that the context reasonably permits, a reference (by operation of subsection (2)) to joint debtors includes a reference to any of the joint debtors.

             (5)  A reference to the affairs, or examinable affairs, of a debtor includes a reference to the separate affairs, or separate examinable affairs, of a joint debtor.

3  Subsection 188(1)

omit

A debtor

insert

If each joint debtor is a person

4  Subsection 188(1)

before

may sign

insert

the joint debtors

5  Subsections 188(2AA) and (2AB)

omit

the debtor

insert

each joint debtor

6  Subsection 188(2C)

omit the second occurrence of

the debtor

insert

each joint debtor

7  Subsection 188(2D)

omit the second occurrence of

the debtor

insert

each joint debtor

8  Subsection 188(4)

before

debtor

insert

joint

10  Paragraphs 188A(2)(a) and (c)

omit

the debtor’s

insert

each joint debtor’s

11  Paragraph 188A(2)(e)

omit

the debtor

insert

each joint debtor

12  Paragraph 188A(2)(l)

omit

the debtor

insert

each joint debtor

13  Subsection 189AB(1)

omit

             (1)  When the debtor’s property becomes subject to control under this Division, the debtor’s property is charged with:

insert

             (1)  When the property of joint debtors becomes charged under this Division, the charges specified in subsection (1A) are created with respect to:

14  After subsection 189AB(1)

insert

          (1A)  The charges are:

                     (a)  a charge over the joint property of the joint debtors; and

                     (b)  a separate charge over the separate property of each joint debtor.

15  Subsection 189AB(2)

omit

the charge is not affected

insert

none of the charges is affected

16  Subsections 189AB(3) and (4)

omit

The charge

insert

Each charge

17  Paragraph 189A(1)(a)

substitute

                     (a)  summarising and commenting on the information about:

                              (i)  the joint estates of the joint debtors; and

                             (ii)  the separate estate of each joint debtor;

                   that is available to the controlling trustee; and

Part 2Modifications of Division 5 of Part IV of the Act—meetings called under authorities under section 188 of the Act

1  Subsection 63A(1), definition of joint bankruptcy, subparagraph (d)(ii)

omit

jointly.

insert

jointly; or

2  Subsection 63A(1), definition of joint bankruptcy, after paragraph (d)

insert

                     (e)  the situation arising out of the signing, by joint debtors for the purposes of section 188, of a joint authority or separate authorities for the administration of their joint estate.

3  Subsection 64A(2)

substitute

             (2)  Notice of a meeting:

                     (a)  for the first meeting of creditors—must be published in a manner approved by the Inspector‑General; and

                     (b)  for any other meeting of creditors—must be given in a manner specified in the regulations.

3A  After subsection 64A(2)

insert

             (3)  The notice of the first meeting of creditors must include any matter approved by the Inspector‑General.

             (4)  For the purposes of paragraph (2)(a) and without limiting the power of the Inspector‑General under that paragraph, the Inspector‑General may:

                     (a)  approve, as the manner of publication of the notice of the first meeting of creditors, publication on a website; and

                     (b)  specify in the approval:

                              (i)  the website where the notice must be published; and

                             (ii)  any conditions relating to the approval.

Example:    The Inspector‑General may specify:

(a)    the format in which the notice is to be made available; and

(b)    the period of time for which the notice must remain on the website; and

(c)    whether related documents are to be made available for downloading from the website or in hard copy.

             (5)  An approval made by the Inspector‑General for the purposes of paragraph (2)(a) or subsection (3) must be published on the Insolvency and Trustee Service Australia’s website.

3B  After section 64A

insert

64AA  Immunity from civil actions and proceedings

             (1)  A civil action or proceeding does not lie against a person who operates a website, specified in an approval for the purposes of paragraph 64A(2)(a) or subsection 64A(3), in respect of a publication of a notice of the first meeting of creditors (or a notice that appears to be a notice of the first meeting of creditors) if the publication was made in good faith and without negligence.

             (2)  Nothing in this section affects by implication any other ground of defence.

4  After subsection 64B(5)

insert

             (6)  If the meeting is the first meeting of creditors called under an authority given under section 188, the notice must state that an information sheet about Part X, dealing with the following matters, may be obtained from the Insolvency and Trustee Service Australia:

                     (a)  meetings under Part X;

                     (b)  controlling trustees;

                     (c)  the administration of an authority under section 188;

                     (d)  the application of Part X to an authority under section 188;

                     (e)  personal insolvency agreements;

                      (f)  the rights of creditors under Part X.

5  After paragraph 64D(aa)

insert

                   (ab)  whether the creditor, in relation to the debtor, is a related entity; and

6  Paragraph 64G(g)

substitute

                     (g)  if the meeting is the first meeting—tabling of the following documents:

                              (i)  the statement of affairs, and the proposal for dealing with them, required by subsection 188(2C) or (2D);

                             (ii)  the report by the controlling trustee required by section 189A;

                            (iii)  the written statement by the controlling trustee required by section 189B;

7  Section 64P, heading

substitute

64P  Controlling trustee to preside at meeting under section 188

8  Subsections 64P(1) and (2)

substitute

             (1)  Subject to subsection (2), the controlling trustee must preside at a meeting called under an authority under section 188.

             (2)  The creditors and their representatives may:

                     (a)  vote to remove the controlling trustee as President; and

                     (b)  nominate another person to preside at the meeting.

9  Subsection 64P(6)

omit each mention of

the trustee

insert

the controlling trustee

10  Subsection 64P(7)

omit

the trustee

insert

the controlling trustee

11  Subsection 64R(1)

substitute

             (1)  If the meeting is the first meeting, the President must then request the controlling trustee to lay before the meeting the documents specified in paragraph 64G(g), and the controlling trustee must comply with the request.

12  Subsection 64R(2)

omit

the statement of affairs,

insert

those documents,

13  Subsection 64U(1)

substitute

             (1)  At the first meeting called under an authority under section 188 that is attended by:

                     (a)  the controlling trustee; or

                     (b)  if the creditors have passed a special resolution under paragraph 204(1)(b)—the trustee of a personal insolvency agreement;

the President must ask the trustee to state the basis on which he or she wishes to be remunerated.

14  Before subsection 64Y(1)

insert

          (1A)  The controlling trustee may adjourn a meeting to undertake further investigations, in relation to the controlling trusteeship, that the controlling trustee considers necessary.

          (1B)  The creditors attending the meeting may, by special resolution, revoke the trustee’s decision to adjourn the meeting.

15            After subsection 64ZC(5)

insert

          (5A)  An instrument appointing a proxy must include:

                     (a)  a statement disclosing whether or not the creditor has received, or will receive, a financial incentive:

                              (i)  to appoint the proxy; or

                             (ii)  to direct the proxy as to the manner in which the proxy is to vote on a particular matter or matters that may arise, or on a particular motion or motions that may be proposed, at a meeting to which the proxy relates; and

                     (b)  if the proxy or creditor has received, or will receive, a financial incentive in relation to a matter mentioned in paragraph (a)—a statement specifying the amount of financial incentive paid or to be paid and the name of the person who paid, or is to pay, the financial incentive.

16            After subsection 64ZE(2)

insert

             (3)  This section applies in relation to a personal insolvency agreement only if:

                     (a)  a joint estate forms part of the property that is to be dealt with under the agreement; and

                     (b)  the agreement does not specifically provide for distribution of the joint estate.

Part 3Modifications of Part VIII of the Act—controlling trustees and trustees of personal insolvency agreements

1              Before Part VIII, Division 1

insert in Part VIII

Division 1A—Interpretation

154AA  Interpretation

                   In this Part, in its application to Part X, a reference to a registered trustee includes a reference to a controlling trustee and a trustee of a personal insolvency agreement.

2  Section 156A

omit

3  Subsection 157(1)

substitute

             (1)  If:

                     (a)  the Official Trustee is:

                              (i)  under section 188 or 192, the controlling trustee in relation to a debtor; or

                             (ii)  under Part X, the trustee of a personal insolvency agreement; and

                     (b)  the creditors wish to appoint, in place of the Official Trustee:

                              (i)  a registered trustee or a solicitor as the controlling trustee; or

                             (ii)  a registered trustee as the trustee of the personal insolvency agreement;

the creditors may do so by resolution at a meeting of creditors.

4  Section 158

substitute

158  Appointment of more than 1 controlling trustee

                   The creditors may appoint 2 or more controlling trustees jointly, or jointly and severally.

5  Section 159

omit

6  Section 160

substitute

160  Vacancy in position of trustee—Official Trustee to act

                   If at any time there is no controlling trustee in relation to a debtor, or no trustee of a personal insolvency agreement under Part X, the Official Trustee is to act as the trustee.

7  After subsection 161(1)

insert

          (1A)  This section does not apply in relation to a trustee of a personal insolvency agreement.

8  Subsection 173(1)

substitute

             (1)  A controlling trustee who has consented to exercise powers given by an authority under section 188 must keep such accounts and records as are necessary to exhibit a full and correct account of the debtor’s affairs and must permit a creditor:

                     (a)  to inspect, at all reasonable times, either personally or by an agent, the accounts and records relating to the controlling trusteeship; and

                     (b)  to take a copy of those accounts and records.

Penalty:  5 penalty units.

9  Section 180

omit

trustee of an estate.

insert

trustee, other than controlling trustee, under Part X.

10  Section 181

substitute

181  Removal of trustee

                   The creditors may, by resolution, at a meeting of which at least 7 days notice has been given, remove a controlling trustee or the trustee of a personal insolvency agreement and may, at that meeting or a later meeting, appoint another trustee to replace the removed trustee.

11  Subsection 181A(1)

substitute

             (1)  The current controlling trustee or the current trustee of a personal insolvency agreement may, with the written consent of another trustee (either a registered trustee or the Official Trustee), nominate the other trustee as the new trustee.

12  Subsection 181A(4)

substitute

             (4)  If no creditor lodges a written notice of objection with the current trustee at least 2 days before the specified date, the new trustee replaces the current trustee on the date specified in the notice.

Part 4Modifications of Division 1 of Part V of the Act—debtors whose property is subject to control under Division 2 of Part X of the Act

1  Section 77F

substitute

77F  Allowances and expenses to be paid out of debtor’s property subject to control under Division 2 of Part X

                   If the evidence that a person gives, or the books that a person produces, under section 77C, relate to matters concerning the property of a debtor that is subject to control under Division 2 of Part X, any amount payable to the person under section 77D or 77E is to be paid out of that property.

2  Subsection 81(1)

substitute

             (1)  Where a person (in this section called the relevant person) becomes a debtor whose property is subject to control under Division 2 of Part X, the Court or a Registrar may at any time (whether before or after control over that property has ended), on the application of:

                     (a)  a person (in this section called a creditor) who has or had a debt that would be provable if the debtor were a bankrupt;

                     (b)  the controlling trustee; or

                     (c)  the Official Receiver;

summon the relevant person for examination in relation to the property that is subject to control under Division 2 of Part X.

Part 5Modification under subsection 231(1) of the Act—personal insolvency agreements

1  Section 77F

substitute

77F  Allowances and expenses to be paid out of debtor’s property subject to personal insolvency agreement

                   If the evidence that a person gives, or the books that a person produces, under section 77C, relate to matters concerning the property of a debtor that is subject to a personal insolvency agreement, any amount payable to the person under section 77D or 77E is to be paid out of that property.

Part 6Modifications under subsection 231(3) of the Act—personal insolvency agreements

1  Subsection 113(1)

omit

presentation of a petition on which, or by virtue of the presentation of which, a person became a bankrupt,

insert

making of a sequestration order,

2  Subsection 113(1)

omit

or, in the case of a debtor’s petition, the presentation of the petition

3  After subsection 133(13)

insert

           (14)  This section does not apply in relation to a personal insolvency agreement.

4  After paragraph 134(1)(b)

insert

                   (ba)  carry on a business of the debtor in accordance with an authorisation given under subsection (5);

5  After subsection 134(4)

insert

             (5)  If a personal insolvency agreement provides for the business of the debtor to be assigned to the trustee, the agreement may:

                     (a)  authorise the trustee to carry on a business of a debtor; and

                     (b)  specify the period during which, and the conditions (if any) subject to which, the trustee may carry on the business.

             (6)  The creditors may vary or terminate an authority under subsection (5) by passing a special resolution to that effect at a meeting called for the purpose.

             (7)  This section extends only in relation to property of the debtor that is subject to the personal insolvency agreement.

6  Subsection 136(1)

omit

                   Where any property of the bankrupt is subject to a mortgage,

insert

                   Where any property of the debtor that is subject to the personal insolvency agreement is also subject to a mortgage,

7  Subsection 137(1)

omit

                   Where goods of a bankrupt

insert

                   Where goods of a debtor that are subject to a personal insolvency agreement

8  Paragraphs 138(1)(a) and (b)

substitute

                     (a)  the property of a debtor that is subject to a personal insolvency agreement includes rights in respect of industrial property; and

                     (b)  the debtor is liable to pay royalties or a share of profits to a person in respect of those rights;

9  Paragraph 138(1)(c)

omit

the bankrupt;

insert

the debtor;

10  Paragraph 138(1)(d)

omit

the bankrupt

insert

the debtor

11  Paragraphs 139(1)(a) and (b)

substitute

                     (a)  the trustee has seized or disposed of any goods in the possession or on the premises of a debtor that are subject to a personal insolvency agreement without notice of any claim by any person in respect of those goods; and

                     (b)  the goods were not, at the date of execution of the personal insolvency agreement, the property of the debtor;

12  Subsection 139(2)

omit everything after

in respect of property

insert

that is subject to the personal insolvency agreement, being rates, land tax or municipal or other statutory charges that fall due on or after the date of execution of the personal insolvency agreement, except to the extent, if any, of the rents and profits received by the trustee in respect of that property on or after the date of execution of the personal insolvency agreement.

13  Subsection 139(3)

substitute

             (3)  Where the trustee of a personal insolvency agreement carries on a business previously carried on by the debtor, the trustee is not personally liable for any payment in respect of long service leave or extended leave:

                     (a)  for which the debtor was liable; or

                     (b)  to which a person employed by the trustee in his or her capacity as trustee of the personal insolvency agreement, or the legal personal representative of such a person, becomes entitled after the date of execution of the personal insolvency agreement.

14  Subsection 139(4)

omit

trustee of the estate of a bankrupt

insert

trustee of a personal insolvency agreement

15  Section 139ZJ

omit

In this Subdivision:

insert

             (1)  In this Subdivision:

16  Section 139ZJ

insert

             (2)  In sections 139ZK, 139ZL and 139ZP, a reference to a bankrupt is to be read as a reference to a debtor.

             (3)  In subsection (2):

debtor means a person who has executed a personal insolvency agreement.

17  Paragraphs 139ZK(1)(e) and (f)

omit

bankruptcy,

insert

personal insolvency agreement,

18  Subsection 139ZL(1)

omit everything before paragraph (a), insert

             (1)  If a debtor is liable to pay a specified amount of his or her income to the trustee in accordance with a personal insolvency agreement, the Official Receiver:

19  Subsection 139ZL(1)

omit

make the contribution.

insert

pay that amount.

20  Paragraphs 139ZL(3)(a) and (b)

omit

the contribution

insert

the amount of income

21  Subsection 139ZQ(1)

omit

bankrupt under Division 3,

insert

personal insolvency agreement because of the application of any of sections 120 to 125,

22  Subsection 139ZR(3)

omit

Division 3.

insert

any of sections 120 to 125.

Part 7Modification under subsection 231(5) of the Act—trustees of personal insolvency agreements

1  Subsection 173(1)

substitute

             (1)  The trustee of a personal insolvency agreement must keep such accounts and records as are necessary to exhibit a full and correct account of the administration of the agreement and must permit a creditor of the debtor:

                     (a)  to inspect, at all reasonable times, either personally or by an agent, the accounts and records relating to the personal insolvency agreement; and

                     (b)  to take a copy of those accounts and records.

Penalty:  5 penalty units.

 

Schedule 7Modifications under Part XI of the Act—administration of estates of deceased persons

(regulation 11.02)

  

1  Section 49 (Change of petitioners):

            1.1  Omit ‘debtor’, substitute ‘deceased debtor’s estate’.

2  Section 50 (Taking control of debtor’s property before sequestration)

            2.1  Subsection 50(1):

                   Omit ‘debtor, but before the debtor becomes’, substitute ‘debtor who dies after presentation of a creditor’s petition but before becoming’.

            2.2  Paragraph 50(1)(a):

                   Omit ‘debtor’s property;’, substitute ‘deceased debtor’s estate;’.

            2.3  Paragraph 50(1)(b):

                   Omit ‘property.’, substitute ‘estate.’.

            2.4  Paragraph 50(1A)(c):

                   Omit ‘debtor’, substitute ‘deceased debtor’s legal personal representative’.

            2.5  Subsection 50(1B):

                   Omit ‘debtor’s property’, insert ‘deceased debtor’s estate’.

            2.6  Subsection 50(2):

                   Omit ‘debtor’ (first occurring), substitute ‘legal personal representative of the deceased debtor’.

            2.7  Subsection 50(2):

                   Before ‘debtor’ (second and third occurring), insert ‘deceased debtor’.

            2.8  Subsection 50(3):

                   Omit ‘debtor and the debtor’s’, substitute ‘deceased debtor and the debtor’s’.

            2.9  Subsection 50(4):

                   Before ‘debtor’ (twice occurring) and ‘debtor’s’, insert ‘deceased’.

          2.10  Paragraph 50(5)(a):

                   Omit ‘a sequestration order had been made against the debtor’, insert ‘an order had been made for the administration of the estate of the deceased debtor’.

          2.11  Paragraph 50(5)(c):

                   Omit ‘debtor’s bankruptcy if a sequestration’, substitute ‘administration of the deceased debtor’s estate if an’.

          2.12  Section 50:

                   Add at the end:

                    ‘(6)  In this section:

legal personal representative, in relation to a deceased debtor, means:

                             (a)  the executor under the deceased debtor’s will; or

                             (b)  the administrator under letters of administration or court order;

of the deceased debtor’s estate, or a part of that estate.’.

3  Section 63A (Definitions)

              3.  Insert the following definition:

legal personal representative, in relation to a deceased person, means:

                     (a)  the executor under the deceased person’s will; or

                     (b)  the administrator under letters of administration or court order;

                   of the deceased person’s estate, or a part of that estate;’

4  Section 64A (Persons to whom notice of meeting to be given)

            4.1  Paragraph 64A(1)(a):

                   Omit ‘the bankrupt has told the trustee,’, substitute ‘before his or her death the deceased person had told the trustee,’.

5  Section 64B (Certain matters to be included in notice of meeting)

            5.1  Subsection 64B(1):

                   Before ‘place’, insert ‘former’.

6  Section 64G (Agenda to be set out in notice of meeting)

            6.1  Paragraphs 64G(a) and (i):

                   Omit ‘bankrupt;’, substitute ‘legal personal representative of the deceased person;’.

7  Section 64J (Preparation of attendance record)

            7.1  Subsection 64J(3):

                   Omit ‘bankrupt’, substitute ‘legal personal representative of the deceased person’.

8  Section 64K (Opening of meeting)

            8.1  Subsection 64K(2):

                   Omit ‘bankrupt’ (first occurring), substitute ‘legal personal representative of the deceased person’.

            8.2  Subsections 64K(2):

                   Omit ‘the bankrupt.’ (second occurring), substitute ‘the legal personal representative.’.

            8.3  Subsections 64K(3) and (6):

                   Omit ‘the bankrupt’ (wherever occurring), substitute ‘the legal personal representative’.

9  Section 64L (Appointment of minutes secretary)

            9.1  Subsection 64L(2):

                   Omit ‘bankrupt’, substitute ‘legal personal representative of the deceased person’.

10  Section 64P (Election of person to preside at meeting)

          10.1  Subsection 64P(2):

                   Omit ‘bankrupt’, substitute ‘legal personal representative of the deceased person’.

11 Section 64S (Statements and questions)

          11.1  Subsection 64S(2):

                   Omit ‘bankrupt’ (first occurring), substitute ‘legal personal representative of the deceased person’.

          11.2  Subsection 64S(2):

                   Omit ‘the bankrupt.’ (second occurring), substitute ‘the legal personal representative.’.

          11.3  Subsection 64S(3):

                   Omit ‘bankrupt’, substitute ‘legal personal representative’.

12  Section 64Z (Duties of minutes secretary)

          12.1  Paragraph 64Z(5)(d):

                   Omit ‘bankrupt,’, substitute ‘legal personal representative of the deceased person,’.

13  Section 64ZC (Appointment of proxies)

          13.1  Subsection 64ZC(6):

                   Omit ‘bankrupt’ (first occurring), substitute ‘legal personal representative of the deceased person’.

          13.2  Subsection 64ZC(6):

                   Omit ‘the bankrupt’ (second occurring), substitute ‘the legal personal representative’.

14  Section 73 (Composition or arrangement)

          14.1  Subsection 73(1):

                   Omit ‘a bankrupt’, substitute ‘the legal personal representative of a deceased person’.

          14.2  Subsection 73(1):

                   Omit ‘his or her’ (wherever occurring), substitute ‘the deceased person’s’.

          14.3  Subsection 73(2A):

                   Omit ‘bankrupt’s’, substitute ‘deceased person’s’.

          14.4  Subsection 73(3):

                   Omit ‘bankrupt’, substitute ‘legal person representative’.

          14.5  Section 73:

                   Add at the end:

           ‘(6)  In this section:

legal personal representative, in relation to a deceased person, means:

                     (a)  the executor under the deceased person’s will; or

                     (b)  the administrator under letters of administration or court order;

of the deceased person’s estate, or a part of that estate.’.

15  Section 74 (Annulment of bankruptcy)

          15.1  Omit the section, substitute:

            ‘74       Annulment of administration

                    ‘(1)  A special resolution under subsection 73(4) takes effect on the date on which it is passed to annul the administration of the estate to which it relates.

                    ‘(2)  As soon as practicable after that date the trustee of the estate must give to the Official Receiver a certificate, signed by the trustee, of the following matters:

                             (a)  the name of the estate;

                             (b)  the number of the administration;

                             (c)  the terms and date of the special resolution.

                    ‘(3)  The Official Receiver must enter those matters in the official records.’.

16  Section 75 (Effect of composition or scheme of arrangement)

            16.  Subsection 75(2):

                   Omit the subsection.

          16.2  Subparagraphs 75(4)(b)(i), (ii), (iii) and (iv):

                   Omit the subparagraphs, substitute:

                            ‘(i)  the creditors or the estate of the deceased person will suffer injustice or undue delay if the composition or scheme of arrangement proceeds; or

                             (ii)  the approval of the creditors resulted from a misrepresentation by the legal personal representative; or

                            (iii)  it is desirable that the deceased person’s:

                                        (A)  affairs be investigated; or

                                        (B)  estate be administered;

                                   under this Act; or

                            (iv)  it is likely that the creditors will receive a greater dividend if the estate is again administered under this Act;’.

          16.3  Subsection 75(4):

                   Omit ‘trustee’, substitute ‘trustee, the legal personal representative’.

          16.4  Subsection 75(6), (7) and (8):

                   Omit the subsections, substitute:

           ‘(6)  In this section:

legal personal representative, in relation to a deceased person, means:

                     (a)  the executor under the deceased person’s will; or

                     (b)  the administrator under letters of administration or court order;

of the deceased person’s estate, or a part of that estate.’

17  Section 81 (Discovery of bankrupt’s property etc)

          17.1  Subsection 81(1):

                   Omit the subsection, substitute:

           ‘(1)  At any time during or after the administration under Part XI of the estate of a deceased person (in this section called ‘the relevant person’), the Court may, on the application of:

                     (a)  a person (in this section called a ‘creditor’) who has or had a debt provable in the administration; or

                     (b)  the trustee of the estate; or

                     (c)  the Official Receiver;

summon an examinable person in relation to the estate for examination in relation to the administration.

      ‘(1AA)  For the purposes of subsection (1):

examinable person, in relation to an estate of the relevant person, means:

                     (a)  a person who is believed to be indebted to the estate; or

                     (b)  a person who may be able to give information the relevant person or the examinable affairs of the relevant person; or

                     (c)  a person who has possession of books that may relate to:

                              (i)  the relevant person; or

                             (ii)  the examinable affairs of the relevant person; or

                            (iii)  the estate; or

                     (d)  the executor under the relevant person’s will; or

                     (e)  the administrator under letters of administration or court order;

of the relevant person’s estate, or a part of that estate.’.

          17.2  Subsection 81(1B):

                   Omit paragraph (b), substitute:

                    ‘(b)  relate to:

                              (i)  the relevant person; or

                             (ii)  the examinable affairs of the relevant person; or

                            (iii)  the estate.’.

          17.3  Subsection 81(11AA):

                   Omit the subsection.

          17.4  Subsection 81(12):

                   Before ‘relevant person’ (first occurring), insert ‘estate of the’.

          17.5  Subsection 81(14):

                   Omit ‘person, other than the relevant person,’, substitute ‘person’.

18  Section 82 (Debts provable in bankruptcy)

          18.1  Subsection 82(1):

                   Omit all the words from and including ‘a bankrupt’ to the end, substitute ‘the estate of a deceased person was subject at the date of the order for the administration of the estate, or to which the estate may become subject because of an obligation incurred before that date, are provable in the administration of the estate.’.

          18.2  Subsection 82(1A):

                   Omit ‘bankrupt under a maintenance agreement or maintenance order before the date of the bankruptcy.’, substitute ‘by the deceased person under a maintenance agreement or maintenance order during the person’s lifetime and before the date of the order for the administration of the person’s estate.’.

          18.3  Paragraph 82(8)(b):

                   Omit ‘discharge of the bankrupt;’, substitute ‘end of the administration of the deceased person’s estate;’.

19  Section 87 (Deduction of discounts)

          19.1  Omit ‘debtor had not become a bankrupt.’, substitute ‘estate had not become subject to administration under Part XI.’.

20  Section 88 (Apportionment to principal and interest of payments made before bankruptcy)

          20.1  Omit ‘by a debtor to a creditor before the debtor became a bankrupt’, substitute:

                   ‘to a creditor by:

                     (a)  the deceased person before his or her death; or

                     (b)  the deceased person’s estate before the date of the order for the administration of the estate;’.

21 Section 95 (Proof in respect of distinct contracts)

          21.1  Omit ‘person was, at the time when he or she became a bankrupt,’, substitute ‘deceased person whose estate is being administered under Part XI was, at the date of his or her death,’.

22  Section 104 (Appeal against decision of trustee in respect of proof)

          22.1  Subsection 104(1):

omit

bankrupt

insert

legal personal representative of the bankrupt

          22.2  After subsection 104(1):

insert

         ‘(1A)  An application may be made under subsection (1) on the grounds that the proof was wrongly admitted.’.

          22.2  After subsection 104(3):

insert

           ‘(4)  In this section:

legal personal representative, for a deceased person, means:

                     (a)  the executor under the deceased person’s will; or

                     (b)  the administrator under letters of administration or court order;

of the deceased person’s estate, or a part of that estate.’.

23  Section 109 (Priority payments)

          23.1  Paragraph 109(1)(a):

                   After ‘petitioning creditor’, insert ‘or the trustee of the deceased person’s estate’.

          23.2  Paragraph 109(1)(b):

                   Omit the paragraph.

24  Section 109A (Debts due to employees)

          24.1  Subsection 109A(1):

                   Omit the subsection, substitute:

                   ‘Where:

                     (a)  a contract of employment with a person who has since died and whose estate is being administered under Part XI was subsisting immediately before the date of the person’s death; or

                     (b)  a contract of employment with the trustee, in his or her capacity as trustee, of an estate that is being administered under Part XI was subsisting immediately before the date of the order for the administration;

the employee under the contract is, whether or not the employee is a person referred to in subsection (2), entitled to payment under section 109 as if the employee’s employment had been terminated:

                     (c)  where paragraph (a) applies:

                              (i)  by the person; and

                             (ii)  on the date;

mentioned in that paragraph; or

                     (d)  where paragraph (b) applies:

                              (i)  by the trustee; and

                             (ii)  on the date;

mentioned in that paragraph.’.

          24.2  Subsection 109A(2):

                   After ‘trustee (twice occurring), insert ‘or legal personal representative’.

          24.3  After subsection 109A(2), insert:

                 ‘(2A)  In subsection (2):

legal personal representative, in relation to a deceased person, means:

                     (a)  the executor under the deceased person’s will; or

                     (b)  the administrator under letters of administration or court order;

of the deceased person’s estate, or a part of that estate.’.

25  Section 110 (Application of estates of joint debtors)

          25.1  Omit the section.

26  Section 114 (Payment of liabilities etc incurred under terminated deed etc)

          26.1  Omit ‘becomes a bankrupt’, substitute ‘dies, and his or her estate becomes subject to administration under Part XI,’.

27  Section 116 (Property divisible among creditors)

          27.1  After subsection 116(1), insert:

                 ‘(1A)  In the application of this section to Part XI, a reference in subsection (1) to the discharge of a bankrupt is taken to be a reference to the termination of the administration, under that Part, of the estate of the deceased person.’.

          27.2  Paragraphs 116(2)(c) and (ca):

                   Omit the paragraph.

          27.3  Paragraph 116(2)(g):

                   Omit the paragraph, substitute:

                    ‘(g)  any right of the estate of the deceased person to recover damages or compensation:

                              (i)  for personal injury (including injury resulting in death) or wrong done to the deceased person in his or her lifetime; or

                             (ii)  for personal injury (including injury resulting in death) or wrong done to the spouse or a member of the family of the deceased person (whether the injury or wrong was done before or after the death of the deceased person);

                    ‘(h)  any damages or compensation recovered by the deceased person in his or her lifetime, or by the estate of the deceased person, in respect of an injury or wrong specified in subparagraph (g)(i) or (ii);’.

          27.4  Subsection 116(2B):

                   Omit ‘(c) or (ca),’.

          27.5  Subsection 116(2C):

                   Omit the subsection.

28  Section 117 (Policies of insurance against liabilities to third parties)

          28.1  Paragraph 117(1)(b):

                   Omit ‘(whether before or after he or she became a bankrupt);’, substitute ‘at any time;’.

29  Section 118 (Execution by creditor against property of debtor who becomes a bankrupt etc)

          29.1  Paragraph 118(1)(i)(a):

                   Omit ‘the presentation of a petition, or after the presentation of a petition, against a’, substitute ‘the making of an order under Part XI, or after the making of such an order, for the administration of the estate of a deceased’.

          29.2  Subparagraph 118(1)(a)(ii):

                   Omit ‘and’.

          29.3  Paragraph 118(1)(b):

                   Omit the paragraph.

          29.4  Subsections 118(1), (3) and (4):

                   Omit ‘bankrupt’ (wherever occurring), substitute ‘debtor’.

          29.5  Subsection 118(3):

                   Omit ‘bankruptcy’, substitute ‘administration of the estate’.

          29.6  Paragraph 118(9)(a):

                   Omit ‘the presentation of a petition, or after the presentation of a petition, against a’, substitute ‘the making of an order under Part XI, or after the making of such an order, for the administration of the estate of a deceased’.

          29.7  Subsection 118(9):

                   Omit ‘in the bankruptcy.’, substitute ‘of the estate.’.

          29.8  Subsection 118(10):

                   Omit ‘debtor,’ (twice occurring), substitute ‘deceased person’s estate’.

          29.9  Paragraphs 118(11)(a) and (b):

                   Omit ‘who, after the sale, becomes a bankrupt;’, substitute ‘who dies and whose estate becomes, or of a deceased person’s estate that becomes, after the sale, subject to an administration order under Part XI;’.

        29.10  Subsection 118(11):

                   Omit ‘of the bankrupt’.

30  Section 119 (Duties of sheriff after receiving notice of presentation of petition etc)

          30.1  Subsection 119(1):

                   Omit ‘against a debtor’, substitute ‘for an order for the administration of a deceased person’s estate’.

          30.2  Paragraphs 119(1)(a) and (b):

                   Omit ‘debtor’ (wherever occurring), substitute ‘estate’.

          30.3  Subsection 119(2):

                   Omit ‘the reference to the Court of a debtor’s petition against a debtor’, substitute ‘the presentation to the Court of a petition by a person administering the estate of a deceased person for an order for the administration of the estate’.

          30.4  Paragraphs 119(2)(a) and (b):

                   Omit ‘debtor’ (wherever occurring), substitute ‘estate’.

          30.5  Subsection 119(3):

                   Omit ‘a creditor’s petition against a debtor has been given under subsection (1) to a sheriff or notice of the reference to the Court of a debtor’s petition against a debtor has been given under subsection’, substitute ‘a petition has been given under subsection (1) or’.

          30.6  Subsection 119(3):

                   Omit ‘the debtor’ (wherever occurring), substitute ‘the estate’.

          30.7  Subsection 119(4):

                   Omit ‘against a debtor’, substitute ‘for an order for the administration of a deceased person’s estate’.

          30.8  Paragraphs 119(4)(a) and (b):

                   Omit ‘debtor’ (wherever occurring), substitute ‘estate’.

          30.9  Subsection 119(5):

                   Omit ‘the reference to the Court of a debtor’s petition against a debtor’, substitute ‘the presentation to the Court of a petition by a person administering the estate of a deceased person for an order for the administration of the estate’.

        30.10  Paragraphs 119(5)(a) and (b):

                   Omit ‘debtor’ (wherever occurring), substitute ‘estate’.

        30.11  Subsection 119(6):

                   Omit ‘against a debtor’, substitute ‘for an order for the administration of a deceased person’s estate’.

        30.12  Subsection 119(6):

                   Omit ‘the debtor’ (wherever occurring), substitute ‘the estate’.

        30.13  Subsection 119(7):

                   Omit ‘a debtor’, substitute ‘a deceased person’s estate’.

        30.14  Subsection 119(7):

                   Omit ‘the debtor becomes a bankrupt’, substitute ‘the estate is administered under Part XI’.

31  Section 119A (Duties of sheriff after receiving notice of bankruptcy etc)

          31.1  Subsection 119A(1):

                   Omit ‘has become a bankrupt’, substitute ‘has died, and his or her estate has become subject to administration under Part XI,’.

          31.2  Subparagraph 119A(1)(a)(i):

                   Omit ‘bankrupt’, substitute ‘estate’.

          31.3  Subparagraph 119A(1)(a)(ii):

                   Omit ‘bankrupt’ (first occurring), substitute ‘estate’.

          31.4  Subparagraph 119A(1)(a)(ii):

                   Omit ‘bankrupt became a bankrupt,’ (twice occurring), substitute ‘debtor died,’.

          31.5  Subparagraph 119A(1)(a)(ii):

                   Omit ‘bankrupt’ (third occurring), substitute ‘debtor or estate’.

          31.6  Subparagraph 119A(1)(a)(iii):

                   Omit ‘bankrupt;’, substitute ‘estate;’.

          31.7  Subparagraph 119A(1)(b)(i):

                   Omit ‘the bankrupt’ (first and third occurring), substitute ‘the estate’.

          31.8  Subparagraphs 119A(1)(b)(i) and (ii):

                   Omit ‘bankrupt became a bankrupt,’, substitute ‘debtor died,’.

          31.9  Subparagraph 119A(1)(b)(ii):

                   Omit ‘to the bankrupt;’, substitute ‘to the estate;’.

        31.10  Subsection 119A(5):

                   Omit the subsection.

        31.11  Paragraph 119A(6)(a):

                   Omit ‘bankrupt’, substitute ‘deceased person’.

        31.12  Paragraph 119A(6)(b):

                   Omit ‘bankrupt’, substitute ‘estate’.

        31.13  Subsection 119A(7):

                   Omit ‘a bankrupt’, substitute ‘the estate of a deceased person’.

32  Section 122 (Avoidance of preferences)

          32.1  Subsection 122(1):

                   Omit ‘insolvent (the debtor)’, substitute ‘insolvent and who subsequently dies (the deceased debtor)’.

          32.2  Subsection 122(1):

                   Omit ‘in the debtor’s bankruptcy’, substitute ‘of the deceased debtor’s estate being administered under Part XI’.

          32.3  Paragraph 122(1)(b):

                   Omit the paragraph (including the table), substitute:

                    ‘(b)  was made in the period beginning 6 months before the presentation of the petition for an order for the administration of the estate and ending immediately before the date of the order.’.

          32.4  Subsection 122(1A):

                   Omit ‘debtor’, substitute ‘deceased debtor before his or her death’.

          32.5  Paragraphs 122(1A)(a) and (b):

                   Before ‘debtor’, insert ‘deceased’.

          32.6  Paragraph 122(1A)(b):

                   Before ‘debtor’s’, insert ‘deceased’.

          32.7  Paragraph 122(2)(b):

                   After ‘debtor’, insert ‘or the estate of the deceased debtor’.

          32.8  Subsection 122(4A):

                   After ‘debtor’ (twice occurring), insert ‘or the estate of the deceased debtor’.

33  Section 123 (Protection of certain transfers of property against relation back etc)

          33.1  Subsection 123(1):

                   Omit ‘becomes a bankrupt:’, substitute ‘has died, and his or her estate has become subject to administration under Part XI:’.

          33.2  Paragraphs 123(1)(a), (b) and (c):

                   After ‘debtor’ insert ‘before he or she died’.

          33.3  Paragraph 123(1)(e):

                   Omit ‘before the day on which the debtor became a bankrupt;’, substitute ‘on or before the day on which the debtor died;’.

          33.4  Subsection 123(4):

                   Before ‘debtor’, insert ‘deceased’.

          33.5  Subsection 123(4):

                   Omit ‘became a bankrupt,’, substitute ‘died,’.

          33.6  Subsection 123(6):

                   Omit ‘a debtor becomes’, substitute ‘a deceased debtor before his or her death became’.

          33.7  Subsection 123(6):

                   Before ‘debtor’ (second and third occurring), insert ‘deceased’.

34  Section 124 (Protection of certain payments to bankrupt etc)

          34.1  Subsection 124(1):

                   Omit ‘becomes, or has become, a bankrupt’, substitute ‘has died, and his or her estate has become subject to administration under Part XI’.

          34.2  Paragraph 124(1)(a):

                   After ‘made’, insert ‘on or’.

          34.3  Paragraph 124(1)(a):

                   Omit ‘becomes a bankrupt’, substitute ‘dies’.

          34.4  Paragraph 124(1)(b):

                   Omit ‘on or’.

          34.5  Paragraph 124(1)(b):

                   Omit ‘became a bankrupt’, substitute ‘died’.

35  Section 125 (Certain accounts of undischarged bankrupt)

          35.1  Subsection 125(1):

                   Omit ‘an undischarged bankrupt’, substitute ‘deceased and that his or her estate is being administered under Part XI’.

36  Section 126 (Dealings with undischarged bankrupt in respect of after‑acquired property)

          36.1  Omit the section.

37  Section 127 (Limitation of time for making of claims by trustee etc)

          37.1  After subsection 127(1), insert:

         ‘(1A)  In the application of Part XI to this section, the reference in subsection (1) to the date on which a person became bankrupt is taken to be a reference to the date on which administration of a deceased person’s estate commenced.’.

38  Section 134 (Powers exercisable at discretion of trustee)

          38.1  Paragraph 134(1)(m):

                   Omit ‘the bankrupt: (first occurring), substitute ‘the legal personal representative of a deceased person:’.

          38.2  Subparagraph 134(1)(m)(i):

                   Omit ‘the bankrupt;’, substitute ‘the estate of the deceased person;’.

          38.3  Subparagraph 134(1)(m)(ii):

                   Omit ‘bankrupt’s’ (twice occurring), substitute ‘estate’s’.

          38.4  Subparagraph 134(1)(m)(iii):

                   Omit ‘bankrupt;’, substitute ‘estate’.

          38.5  Paragraph 134(1)(m):

                   Omit ‘bankrupt’s services, make such allowance to the bankrupt’, substitute ‘services of the legal personal representative of the deceased person, pay such remuneration to him or her’.

          38.6  Paragraphs 134(1)(n) and (o):

                   Omit ‘the bankrupt’, substitute ‘the estate of the deceased person’.

          38.7  After subsection 134(1), insert:

              ‘(1AA)  In subsection (1):

legal personal representative, in relation to a deceased person, means:

                     (a)  the executor under the deceased person’s will; or

                     (b)  the administrator under letters of administration or court order;

of the deceased person’s estate, or a part of that estate.’.

          38.7  Subsection 134(1A):

                   Omit ‘An allowance made to the bankrupt’, substitute ‘Remuneration paid to the legal personal representative of a deceased person’.

39  Section 134 (Powers exercisable at discretion of trustee)

          39.1  Paragraphs 134(1)(b) and (c):

                   Omit ‘the bankrupt;’, substitute ‘the estate of the deceased person;’.

          39.2  Paragraph 134(1)(ma):

                   Omit the paragraph, substitute:

                     ‘(j)  pay such remuneration out of the estate of the deceased person as he or she thinks fit to the legal personal representative of the deceased person.’.

          39.3  Section 134:

                   Add at the end:

           ‘(5)  In this section:

legal personal representative, for a deceased person, means:

                     (a)  the executor under the deceased person’s will; or

                     (b)  the administrator under letters of administration or court order;

of the deceased person’s estate, or a part of that estate.’.

40  Section 138 (Limitation on trustee’s power in respect of copyright, patents etc)

          40.1  Paragraph 138(1)(a):

                   Omit ‘bankrupt’, substitute ‘estate of a deceased person’.

          40.2  Paragraphs 138(1)(b), (c) and (d):

                   Omit ‘bankrupt’, substitute ‘estate’.

41  Section 139ZL (Official Receiver may require persons to make payments)

          41.1  Subsection 139ZL(6):

                   Omit ‘bankrupt’, substitute ‘legal personal representative of the deceased person’.

          41.2  After subsection 139ZL(6), insert:

         ‘(6A)  In subsection (6):

legal personal representative, in relation to a deceased person, means:

                     (a)  the executor under the deceased person’s will; or

                     (b)  the administrator under letters of administration or court order;

of the deceased person’s estate, or a part of that estate.’.

42  Section 139ZQ (Official Receiver may require payment)

          42.1  Subsection 139ZQ(5):

                   Omit ‘bankrupt’, substitute ‘legal personal representative of the deceased person’.

          42.2  After subsection 139ZQ(5), insert:

         ‘(5A)  In subsection (5):

legal personal representative, in relation to a deceased person, means:

                     (a)  the executor under the deceased person’s will; or

                     (b)  the administrator under letters of administration or court order;

of the deceased person’s estate, or a part of that estate.’.

43  Section 143 (Provision to be made for creditors residing at a distance etc)

          43.1  Paragraph 143(a):

                   Omit ‘bankrupt’s statement of’, substitute ‘statement of a deceased person’s’.

44  Section 146 (Distribution of dividends where bankrupt fails to file statement of affairs)

          44.1  Omit ‘a bankrupt’, substitute ‘the legal personal representative of a deceased person’.

          44.2  Omit ‘his or her affairs’ (twice occurring), substitute ‘the deceased person’s affairs’.

          44.3  Omit ‘bankrupt’ (second occurring), substitute ‘legal personal representative’.

45  Section 156A (Consent to act as trustee)

          45.1  Paragraph 156A(1)(a):

                   Before ‘debtor’ (first occurring), insert ‘deceased’.

          45.2  Paragraphs 156A(1)(a) and (3)(a):

                   Omit ‘debtor becomes a bankrupt;’, substitute ‘deceased debtor’s estate is administered under Part XI;’.

          45.3  Paragraph 156A(3)(a):

                   Omit ‘estate of the bankrupt;’, substitute ‘estate;’.

46  Section 161B (Trustee’s remuneration—minimum entitlement)

          46.1  Subsection 161B(2):

                   Omit the subsection.

47  Section 162 (Trustee’s remuneration—general)

          47.1  Subsection 162(3):

                   Omit ‘bankrupt’ (second occurring), substitute ‘legal personal representative of the deceased person’.

          47.2  After subsection 162(3), insert:

         ‘(3A)  In subsection (3):

legal personal representative, in relation to a deceased person, means:

                     (a)  the executor under the deceased person’s will; or

                     (b)  the administrator under letters of administration or court order;

of the deceased person’s estate, or a part of that estate.’.

48  Section 170 (Trustee to give Official Receiver and bankrupt information etc)

          48.1  Subsection 170(2):

                   Omit the subsection, substitute:

           ‘(2)  At the request of the legal personal representative of the deceased person, the trustee must give to the legal personal representative information reasonably required by the legal personal representative concerning the affairs of the deceased person.

           ‘(3)  In subsection (2):

legal personal representative, in relation to a deceased person, means:

                     (a)  the executor under the deceased person’s will; or

                     (b)  the administrator under letters of administration or court order;

of the deceased person’s estate, or a part of that estate.’.

 

Schedule 8Information on the National Personal Insolvency Index

(regulation 13.03)

  

Note:          References in this Schedule to sections, subsections and paragraphs are references to those provisions of the Act.

 

Item No.

Provision of the Act

Document from which information may be entered in the Index

Person who must give the document to the Official Receiver

Period within which the document must be provided to the Official Receiver

Information to be entered in the Index

1

Section 50

 

trustee to take control of debtor’s property before sequestration

court order

applicant (creditor)

as soon as practicable

·  date of order

·  particulars of debtor

·  date when trustee’s control ends (subsection 50(1B))

2

Sections 43 and 47

 

creditor’s petition

creditor’s petition and verifying affidavit (subsections 47(1) and (1A))

petitioning creditor

within 3 working days

·  date of petition

·  particulars of debtor

·  name of petitioning creditor

·  name and telephone number of petitioning creditor’s solicitors

·  date of court hearing for sequestration order

3

Section 43

 

sequestration order

sequestration order (subsection 43(1), section 52)

Creditor who obtained the order (subsection 52(1A))

within 2 days

·  date of order

·  particulars of bankrupt

·  name of petitioning creditor

·  name and telephone number of petitioning creditor’s solicitors

·  name of trustee

·  date of filing of Statement of Affairs

4

Section 55

 

debtor’s petition

debtor’s petition and statement of affairs (subsection 55(2))

debtor (subsection 55(1))

not applicable

·  particulars of debtor

·  date of acceptance (or, if the Court orders the Official Receiver to accept the petition, the date of commencement of the bankruptcy (subsection 55(3B))

·  name of trustee

·  date of filing of Statement of Affairs

5

Section 56B

 

debtor’s petition against partnership

debtor’s petition and statements of affairs (section 56B)

petitioning partners (subsection 56A(1))

not applicable

·  particulars of each debtor/ partner

·  date of acceptance (or, if the Court orders the Official Receiver to accept the petition, the date of commencement of the bankruptcy of each partner (section 56C))

·  name of trustee

·  date of filing of Statement of Affairs

6

Section 57

 

debtor’s petition by joint debtors who are not partners

debtor’s petition and statements of affairs (subsection 57(2))

2 or more petitioning debtors (subsection 57(1))

not applicable

·  particulars of each debtor

·  date of acceptance (or, if the Court orders the Official Receiver to accept the petition, the date of commencement of the bankruptcy of each debtor subsection 57(3B))

·  name of trustee

·  date of filing of Statement of Affairs

7

Section 74

 

annulment of bankruptcy by special resolution of creditors

written notice (subsection 74(5A))

trustee (subsection 74(5A))

as soon as practicable after passage of special resolution (subsection 74(5A))

·  date of annulment of the bankruptcy

7A

Section 76B

 

record of the termination or setting aside of a composition or scheme of arrangement

copy of record

trustee

immediately

·  date of termination or setting aside

8

Section 149

automatic discharge from bankruptcy

not applicable

not applicable

not applicable

·  date of discharge

9

Sections 149B, 149C objection to discharge

Notice of objection (section 149B)

trustee (section 149B)

at any time before discharge

·  date objection takes effect (ie day on which details of notice entered in the Index section 149G)

·  grounds of objection

·  person lodging the notice (i.e. trustee)

10

Section 149H

 

trustee ceasing to object on a particular ground

notice of ceasing to object (subsection 149H(1))

trustee (subsection 149H(1))

at any time before discharge (subsection 149H(1))

·  date objection ceases to have effect (if at all) (ie day on which details of notice entered in the Index subsection 149H(3))

·  grounds of objection to which notice relates

·  person lodging the notice (i.e. trustee)

11

Section 149J

 

trustee or Official Receiver withdrawing objection

notice of withdrawal (subsection 149J(1))

trustee (subsection 149J(1))
(see also subsection 149J(2) for Official Receiver)

at any time before discharge (subsections 149J(1) and (2))

·  date withdrawal of objection takes effect (ie day on which details of notice entered in the Index subsection 149J(3))

·  person lodging the notice (i.e. trustee or Official Receiver)

12

Section 149N

Inspector General’s review of decision to object (also: section 149Q‑AAT review of decision)

if the Inspector General cancels the objection—written notice that objection cancelled

trustee

as soon as practicable after objection cancelled

·  date the cancellation takes effect (subsection 149N(2))

13

Sections 149S and 149ZF early discharge from bankruptcy

[application for early discharge (subsection 149S(2)] certificate of discharge (subsection 149ZF (3))

certificate—registered trustee (subsection 149ZF(3)) (see also Official Receiver: subsection 149ZF(3); see also subsection 149ZK(2) for decision on review)

as soon as practicable after trustee signs certificate (subsection 149ZF(3))

·  date on which bankruptcy is discharged (subsection 149ZF(1); see also subsection 149ZK(2))

14

Section 153A

annulment of bankruptcy on payment of debts

certificate (subsection 153A(2))

trustee (subsection 153A(2))

as soon as practicable after debts paid in full (subsection 153A(2))

·  date of annulment

15

Section 153B

 

annulment of bankruptcy by Court

court order (section 153B)

applicant (Rule 7.05
of FC
(Bankruptcy) Rules and of FCC (Bankruptcy) Rules)

2 days (Rule 7.05 of FC (Bankruptcy) Rules and
of FCC (Bankruptcy) Rules)

·  date of annulment

16

Section 154A

 

application for trustee registration

application, and information prescribed by the regulations

applicant trustee

not applicable

·  date of application

17

Section 155C

trustee registration

application, and information prescribed by the regulations (subsection 155C(2))

applicant trustee (Note: Inspector‑
General to register trustee: sections 155B and 155C)

not applicable

·  details of trustee

18

Section 155G

 

trustee voluntarily terminating registration

written request (subsection 155G(1))

trustee

not applicable

·  date trustee registration ceases (ie date of acceptance of request: subsection 155G(2))

19

Sections 155

 

H and 155I

involuntary termination of trustee registration

no document specified

Inspector‑
General (see subsection 155I(6))

not applicable

·  date trustee registration ceases (Inspector‑
General to give effect to decision to terminate registration: subsection 155I(6))

20

Sections 184

 

and 184A

release of trustee by operation of law after 7 years

no document specified

registered trustee

not applicable

·  fact that the administration of an estate is finalised

21

Part IX

debt agreement proposal

 

debt agreement proposal, explanatory statement and statement of affairs

debtor

not applicable

· date that acceptance of proposal for processing and name and address of debt agreement processor are entered in the Index

· particulars of debtor

· particulars of whether proposal accepted or rejected following processing

· date that a proposal lapses (if at all)

· date of withdrawal or cancellation of proposal

22

Part IX

 

debt agreements

debt agreement

 

notification of completion or termination of the debt agreement

 

notification of a designated

6‑month arrears default

notification of completion:

the debt agreement administrator

 

notification of 6‑month arrears default: the debt agreement administrator

notification of completion: 5 working days after end of debt agreement

 

notification of 6‑month arrears default: 10 working days after occurrence of designated 6‑month arrears default

· particulars of debtor (if different from particulars in debt agreement proposal)

· date that making of debt agreement entered in the Index

· date at end or termination of debt agreement

· particulars of reason for debt agreement termination or end

22A

Section 185N

 

ending a debt agreement by discharging obligations

certificate given under subsection 185N(3)

not applicable

not applicable

·  date of giving of certificate

22B

Section 185P

 

terminating a debt agreement by proposal

Minutes of creditors meeting called under section 185A, or the record made by the Official Receiver of acceptance of proposal under sub‑section 185B(3)

not applicable

not applicable

·  date of acceptance of proposal

22C

Section 185Q

 

terminating a debt agreement by court order

court order

applicant (Rule 9.05
of FC
(Bankruptcy) Rules and of FCC (Bankruptcy) Rules)

2 days after order made (Rule 9.05
of FC
(Bankruptcy) Rules and of FCC (Bankruptcy) Rules)

·  date order made

22D

Section 185QA

 

terminating a debt agreement by special resolution of creditors

Minutes of meeting called under section 185QA

not applicable

not applicable

·  date of passing of special resolution

23

Sections 185T and 185U

voiding a debt agreement

court order (subsection 185U(1))

applicant (Rule 9.05
of FC
(Bankruptcy) Rules and of FCC (Bankruptcy) Rules)

2 days (Rule 9.05 of FC (Bankruptcy) Rules and of FCC (Bankruptcy) Rules)

·  date of order

·  whether agreement is voided in whole or in part

23A

Section 186B

 

Application for registration as a debt agreement administrator

application

Inspector‑
General

not applicable

·  date of application

·  particulars of applicant

23B

Section 186D

 

Registration as a debt agreement administrator

application

 

approval or refusal of registration application under section 186C (including any conditions specified for subsection 186C(9)).

Inspector‑
General

not applicable

· particulars of applicant

· details of the approval or refusal (including specified conditions

applying to the debt agreement administrator on registration)

23C

Section 186F

 

Conditions of registration

notice of imposition of conditions

Inspector‑
General

not applicable

· particulars of conditions imposed on debt agreement administrator’s registration

23D

Sections 185ZCA, 186J, 186K and 186L

 

Debt agreement administrator registration ceases

approval of registration

 

notice of request to accept surrender of registration (section 186J)

 

notice of cancellation of registration (section 186K or 186L)

Inspector‑
General

not applicable

· date debt agreement administrator registration ceases

· particulars of reason for end of registration

24

Section 188 and subsection 189(1B)

 

authority to be controlling trustee (personal insolvency agreement);

 

notice of event causing end of control by trustee

authority (subsection 188(1));

 

notice

(subsection 189(1B))

registered trustee or solicitor (subsection 188(5);

subsection 189(1B))

authority:

2 working days of consent to act;

 

notice:

7 days after becoming aware that control has ended

·  date of authority

·  date of filing of statement of affairs

·  name of controlling trustee

·  particulars of debtor

·  date of termination of control

24A

Section 192

 

authority to be controlling trustee passing to Official Trustee

Evidence of event mentioned in subsection 192(1) (death, cessation, incapacity written request)

Official Trustee

14 days of control passing

 

·  particulars of debtor

·  date of passing of control

25

Section 204 and subsection
218(1)

 

personal insolvency agreement

copy of agreement (paragraph 218(1)(b))

trustee (paragraph 218(1)(b))

within 21 days after executing agreement

·  date of execution of agreement

·  particulars of debtor (if different from particulars in section 188 authority)

·  name of each nominated trustee of the agreement

·  (subsection 204(3); see also section 215A)

·  date of filing of statement of affairs

26

Section 221

 

sequestration order for certain failures under Part X

court order (subsection 221(1))

applicant

2 days

·  date of order

·  particulars of bankrupt (if different from particulars in section 188 authority))

·  name of petitioning creditor (if any)

·  name and telephone number of petitioning creditor’s solicitors (if any)

·  name of trustee

·  date of filing of Statement of Affairs

27

Subsection 222(10)

 

sequestration order against estate of debtor

sequestration order

applicant for sequestration order

2 days

(regulation 10.11)

·  date of order

·  particulars of debtor

28

Section 222A

 

termination of personal insolvency agreement by trustee

copy of written
notice of termination

(regulation 10.12)

trustee of the agreement

immediately

(regulation 10.12)

·  date of termination

28A

Subsection 222C (5)

 

sequestration order against estate of debtor

sequestration order

applicant for sequestration order

2 days

(regulation 10.11)

·  date of order

·  particulars of debtor

28B

Subsections 224A(1) and (3)

 

terminating personal insolvency agreement by creditors or event specified in agreement

copy of resolution or special resolution (subsection 224A(1));

written notice (subsection 224A(3))

trustee (subsections 224A(1) and (3))

immediately (subsections 224A(1) and (3))

·  date of termination

28C

Subsection 224A(4)

 

court order setting aside
or terminating a personal insolvency agreement

written notice

registered trustee

2 days (Rule 10.05 of FC (Bankruptcy) Rules and of FCC (Bankruptcy) Rules)

·  date when agreement set aside or terminated

28D

Section 232

 

certificate relating to discharge of obligations under personal insolvency agreement

certificate given to debtor under subsection 232(1)

trustee

not applicable

·  date when trustee signed certificate

29

Section 244

 

creditor’s petition for Part XI administration (deceased estates)

creditor’s petition and verifying affidavit (subsections 244(1) and (5))

petitioning creditor

not applicable

·  date of petition

·  particulars of deceased

·  name of petitioning creditor

·  name and telephone number of petitioning creditor’s solicitors

·  date of hearing for administration order

·  date of filing of Statement of Affairs

30

Section 244 and section 245 (death of debtor after creditor’s petition under section 47)

 

Part XI
administration (deceased estates)

court order (subsections 244(14); 245(3))

petitioning creditor (subsections 244(14);
245(3))

2 days (Rule 11.04 of FC (Bankruptcy) Rules and of FCC (Bankruptcy) Rules)

·  date of order

·  particulars of deceased (if particulars different from particulars in relevant creditor’s petition)

·  name of trustee

31

Section 247

 

administrator’s petition for Part XI administration of deceased estate

petition and statement
of affairs (subsection 247(1))

administrator (subsection 247(1))

not applicable

·  date of petition

·  particulars of deceased

·  name of administrator

·  name and telephone number of administrator’s solicitors

·  date of filing of Statement of Affairs

32

Section 247

 

court order
for Part XI administration on administra‑
tor’s petition

court order (subsection 247(1A))

applicant (Rule 11.04 of FC (Bankruptcy) Rules and

of FCC (Bankruptcy) Rules)

2 days (Rule 11.04 of FC (Bankruptcy) Rules and

of FCC (Bankruptcy) Rules)

·  date of order

·  the following particulars
if different from those in administrator’s petition:

·  particulars of deceased

·  name of administrator

·  name and telephone number of administrator’s solicitors

·  name of trustee

·  date of filing of Statement of Affairs

33

Section 253E

 

stay of proceedings in relation to farmers’ debts assistance

court order (subsection 253E(1))

applicant

7 days

·  date of order

·  period of stay (subsection 253E(3))

 


 

Endnote 1—Legislation history

This endnote sets out details of the legislation history of the Bankruptcy Regulations 1996.

 

Number and year

Gazettal or FRLI registration date

Commencement
date

Application, saving and transitional provisions

1996 No. 263

11 Dec 1996

16 Dec 1996

 

1996 No. 278

12 Dec 1996

16 Dec 1996

1997 No. 76

14 Apr 1997

rr. 18.1, 29 and 30:
16 Dec 1996
rr. 18.2, 26, 32, 33, 34, 35.2, 38.3 and 40:
14 Apr 1997 (see r. 1.2 and Gazette 1997, No. S136)
Remainder: 14 Apr 1997

r. 40

1997 No. 325

28 Nov 1997

1 Dec 1997

2000 No. 140

28 June 2000

1 July 2000

2000 No. 220

17 Aug 2000

1 July 2000

2001 No. 262

5 Oct 2001

5 Oct 2001

2002 No. 255

6 Nov 2002

6 Nov 2002

2003 No. 76

2 May 2003

5 May 2003

2004 No. 256

26 Aug 2004

1 Dec 2004 (see r. 2 and Gazette 2004, No. GN34)

2005 No. 218

7 Oct 2005 (see F2005L02918)

8 Oct 2005 (see r. 2(a))

2006 No. 4

16 Feb 2006 (see F2006L00521)

17 Feb 2006

rr. 4–6

2006 No. 50

17 Mar 2006 (see F2006L00820)

27 Mar 2006 (see r. 2)

2006 No. 137

23 June 2006 (see F2006L01854)

1 July 2006

2007 No. 91

26 Apr 2007 (see F2007L01128)

27 Apr 2007 (see r. 2)

2007 No. 138

13 June 2007 (see F2007L01540)

rr. 1–4 and Schedule 1: 14 June 2007
Remainder: 1 July 2007

r. 4

2010 No. 195

9 July 2010 (see F2010L01915)

1 Aug 2010

2010 No. 287

25 Nov 2010 (see F2010L03075)

(a)

r. 4

51, 2013

11 Apr 2013 (see F2013L00649)

Schedule 1 (items 8–10): (b)

 

(a)             Regulation 2 of SLI 2010 No. 287 provides as follows

                  These Regulations commence immediately after the commencement of Schedule 1 to the Bankruptcy Legislation Amendment Act 2010.

                  The Bankruptcy Legislation Amendment Act 2010 commenced on 1 December 2010 (see F2010L03074).

(b)             Section 2 (item 2) of the Federal Circuit Court of Australia Legislation (Consequential Amendments) Regulation 2013 (No. 1) provides as follows:

                      2  Each provision of this regulation specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

2.  Schedule 1

Immediately after the commencement of Schedules 1 and 2 to the Federal Circuit Court of Australia Legislation Amendment Act 2012.

12 April 2013

Endnote 2—Amendment history

This endnote sets out the amendment history of the Bankruptcy Regulations 1996.

 

ad. = added or inserted    am. = amended    rep. = repealed    rs. = repealed and substituted    exp. = expired or ceased to have effect

Provision affected

How affected

Part 1

 

r. 1.01...............................

rs. 2000 No. 140

r. 1.03...............................

am. 2006 Nos. 4 and 137; 2007 No. 91; 2010 No. 195; No. 51, 2013

r. 1.04...............................

ad. 2001 No. 262

Part 2

 

r. 2.01...............................

am. 1997 No. 76

Part 4

 

Division 1

 

r. 4.01...............................

rs. 2010 No. 195

r. 4.02A............................

ad. 1997 No. 76

 

rs. 2006 No. 4

Note to r. 4.02A................

ad. 2006 No. 137

 

rep. 2010 No. 195

Note 1 to r. 4.02A.............

ad. 2010 No. 195

Note 2 to r. 4.02A.............

ad. 2010 No. 195

r. 4.04...............................

am. 2010 No. 195

Division 2

 

Heading to r. 4.05.............

am. 1997 No. 76

r. 4.05...............................

am. 1997 No. 76; 2002 No. 255; 2010 Nos. 195 and 287

r. 4.07...............................

am. 2004 No. 256

r. 4.11...............................

am. 1997 No. 76; 2004 No. 256; 2007 No. 138; 2010
No. 195

Division 3

 

Heading to r. 4.17.............

rs. 1997 No. 76

r. 4.17...............................

rs. 1997 No. 76

Note to r. 4.17...................

am. 2006 No. 137; 2010 No. 195

Part 6

 

Division 1

 

r. 6.01...............................

am. 2002 No. 255

r. 6.02...............................

am. 1997 No. 76

Division 2

 

r. 6.03...............................

am. 1996 No. 278; 1997 No. 76

r. 6.03A............................

ad. 2003 No. 76

r. 6.04...............................

am. 1997 No. 76

Renumbered r. 6.03B........

2007 No. 91

Division 2A

 

Div. 2A of Part 6...............

ad. 2007 No. 91

r. 6.04A............................

ad. 2007 No. 91

r. 6.04B.............................

ad. 2007 No. 91

Division 3.........................

rep. 2007 No. 138

r. 6.05...............................

rep. 2007 No. 138

r. 6.06...............................

rep. 2007 No. 138

r. 6.07...............................

rep. 2007 No. 138

r. 6.08...............................

am. 1996 No. 278

 

rep. 2007 No. 138

Division 6

 

Heading to Div. 6 of Part 6

rs. 2002 No. 255

Heading to r. 6.12.............

rs. 2002 No. 255

Heading to Div. 6A of ......
Part 6

rep. 2002 No. 255

Div. 6A of Part 6...............

ad. 1997 No. 325

Heading to r. 6.12A...........

rs. 2002 No. 255

r. 6.12A............................

ad. 1997 No. 325

 

am. 2002 No. 255

r. 6.12B.............................

ad. 2002 No. 255

 

am. 2006 No. 50; 2010 No. 195

r. 6.12C.............................

ad. 2003 No. 76

r. 6.12D............................

ad. 2007 No. 91

Division 7

 

r. 6.15A............................

ad. 2003 No. 76

r. 6.16...............................

am. 1997 No. 76

 

rep. 2004 No. 256

r. 6.18...............................

am. 2001 No. 262

Note to r. 6.18...................

rep. 2001 No. 262

Division 8

 

r. 6.20...............................

am. 2001 No. 262

Note to r. 6.20(2) .............

rep. 2001 No. 262

Part 7

 

r. 7.01...............................

am. 1997 No. 76; 2001 No. 262

r. 7.01A............................

ad. 2002 No. 255

r. 7.02...............................

am. 2001 No. 262

Note to r. 7.02(3) .............

rep. 2001 No. 262

Part 8

 

Division 1

 

Note to Heading to Div. 1..
of Part 8

rep. 2002 No. 255

r. 8.01...............................

am. 2003 No. 76

r. 8.02...............................

am. 2003 No. 76

r. 8.03...............................

am. 1997 No. 76

Division 1A

 

Div. 1A of Part 8...............

ad. 1997 No. 76

r. 8.04A............................

ad. 1997 No. 76

 

am. 2001 No. 262; 2010 No. 195

Division 2

 

Div. 2 of Part 8.................

rs. 2002 No. 255

Subdivision 1

 

r. 8.05...............................

rs. 2002 No. 255

Subdivision 2

 

r. 8.05A............................

ad. 2002 No. 255

r. 8.05B.............................

ad. 2002 No. 255

r. 8.05C.............................

ad. 2002 No. 255

r. 8.05D............................

ad. 2002 No. 255

r. 8.05E.............................

ad. 2002 No. 255

r. 8.05F.............................

ad. 2002 No. 255

r. 8.05G............................

ad. 2002 No. 255

r. 8.05H............................

ad. 2002 No. 255

r. 8.05I..............................

ad. 2002 No. 255

r. 8.05J..............................

ad. 2002 No. 255

Subdivision 3

 

r. 8.05K............................

ad. 2002 No. 255

r. 8.05L.............................

ad. 2002 No. 255

 

am. 2003 No. 76

r. 8.05M............................

ad. 2002 No. 255

r. 8.05N............................

ad. 2002 No. 255

Subdivision 4

 

r. 8.05O............................

ad. 2002 No. 255

r. 8.05P.............................

ad. 2002 No. 255

Division 3

 

Heading to Div. 3 of Part 8

rs. 1997 No. 76

Div. 3 of Part 8.................

rs. 1997 No. 76

r. 8.06...............................

rs. 1997 No. 76

r. 8.06A............................

ad. 1997 No. 76

Division 4

 

Heading to Div. 4 of Part 8

rs. 1997 No. 76; 2010 No. 287

Div. 4 of Part 8.................

rs. 2010 No. 287

Subdivision 1

 

r. 8.07...............................

rs. 2010 No. 287

r. 8.08...............................

am. 1997 No. 76

 

rs. 2010 No. 287

Subdivision 2

 

r. 8.09...............................

am. 2002 No. 255

 

rs. 2010 No. 287

r. 8.10...............................

am. 1996 No. 278

 

rs. 2010 No. 287

r. 8.11...............................

rs. 2010 No. 287

r. 8.11A............................

ad. 2002 No. 255

 

rep. 2010 No. 287

Subdivision 3

 

r. 8.12...............................

rep. 2002 No. 255

 

ad. 2003 No. 76

 

rs. 2010 No. 287

r. 8.12A............................

ad. 2010 No. 287

r. 8.12B.............................

ad. 2010 No. 287

r. 8.12C.............................

ad. 2010 No. 287

Subdivision 4

 

r. 8.12D............................

ad. 2010 No. 287

r. 8.12E.............................

ad. 2010 No. 287

r. 8.12F.............................

ad. 2010 No. 287

r. 8.12G............................

ad. 2010 No. 287

Subdivision 5

 

r. 8.12H............................

ad. 2010 No. 287

r. 8.12I..............................

ad. 2010 No. 287

Subdivision 6

 

r. 8.12J..............................

ad. 2010 No. 287

r. 8.12K............................

ad. 2010 No. 287

r. 8.12L.............................

ad. 2010 No. 287

r. 8.12M............................

ad. 2010 No. 287

r. 8.12N............................

ad. 2010 No. 287

r. 8.12O............................

ad. 2010 No. 287

Division 5

 

r. 8.13...............................

am. 2001 No. 262

r. 8.14...............................

am. 2001 No. 262

Note to r. 8.14(1) .............

rep. 2001 No. 262

Div. 5A of Part 8...............

ad. 1996 No. 278
rep. 1997 No. 76

r. 8.14A............................

ad. 1996 No. 278

 

am. 1997 No. 76

 

rep. 1997 No. 76

Division 6

 

Div. 6 of Part 8.................

rs. 2002 No. 255

Subdivision 1

 

r. 8.15...............................

rs. 2002 No. 255

r. 8.16...............................

ad. 2002 No. 255

Subdivision 2

 

r. 8.17...............................

ad. 2002 No. 255

r. 8.18...............................

ad. 2002 No. 255

r. 8.19...............................

ad. 2002 No. 255

r. 8.20...............................

ad. 2002 No. 255

r. 8.21...............................

ad. 2002 No. 255

r. 8.22...............................

ad. 2002 No. 255

r. 8.23...............................

ad. 2002 No. 255

r. 8.24...............................

ad. 2002 No. 255

r. 8.25...............................

ad. 2002 No. 255

r. 8.26...............................

ad. 2002 No. 255

Subdivision 3

 

r. 8.27...............................

ad. 2002 No. 255

r. 8.28...............................

ad. 2002 No. 255

 

am. 2003 No. 76

r. 8.29...............................

ad. 2002 No. 255

r. 8.30...............................

ad. 2002 No. 255

 

am. 2003 No. 76

r. 8.31...............................

ad. 2002 No. 255

Subdivision 4

 

Heading to Subdiv. 4 of....
Div. 6 of Part 8

rs. 2004 No. 256

r. 8.32...............................

ad. 2002 No. 255

r. 8.33...............................

ad. 2002 No. 255

r. 8.34...............................

ad. 2002 No. 255

Subdivision 4A

 

Subdiv. 4A of Div. 6 of....
Part 8

ad. 2004 No. 256

r. 8.34A............................

ad. 2004 No. 256

Subdivision 5

 

Subdiv. 5 of Div. 6 of.......
Part 8

ad. 2003 No. 76

r. 8.35...............................

ad. 2003 No. 76

 

am. 2004 No. 256; 2010 No. 195

r. 8.36...............................

ad. 2003 No. 76

r. 8.37...............................

ad. 2003 No. 76

 

am. 2006 No. 4

Part 9

 

r. 9.01...............................

rs. 2007 No. 138

 

am. 2010 No. 195

r. 9.02...............................

ad. 2003 No. 76

 

rep. 2007 No. 138

r. 9.03...............................

ad. 2003 No. 76

 

rep. 2007 No. 138

r. 9.04...............................

ad. 2003 No. 76

 

am. 2004 No. 256

 

rep. 2007 No. 138

r. 9.05...............................

ad. 2003 No. 76

 

rep. 2007 No. 138

r. 9.06...............................

ad. 2003 No. 76

 

am. 2006 No. 4

 

rep. 2007 No. 138

r. 9.07...............................

ad. 2003 No. 76

 

rep. 2007 No. 138

r. 9.08...............................

ad. 2007 No. 138

Renumbered r. 9.02..........

2007 No. 138

r. 9.02...............................

am. 2010 No. 195

Part 10

 

Part 10..............................

rs. 2004 No. 256

r. 10.01.............................

rs. 2004 No. 256

r. 10.02.............................

rs. 2004 No. 256

 

am. 2010 No. 195

r. 10.03.............................

rs. 2004 No. 256

 

am. 2006 No. 4; 2010 Nos. 195 and 287

Notes 1 and 2 to................
r. 10.03(2)

rep. 2006 No. 4

Note to r. 10.03(2) ...........

ad. 2006 No. 4

Note to r. 10.03(3) ...........

am. 2010 No. 287

r. 10.04.............................

rs. 2004 No. 256

 

am. 2006 No. 4; 2010 Nos. 195 and 287

r. 10.05.............................

rs. 2004 No. 256

r. 10.06.............................

rs. 2004 No. 256

r. 10.07.............................

rs. 2004 No. 256

r. 10.08.............................

rs. 2004 No. 256

r. 10.09.............................

rs. 2004 No. 256

r. 10.10.............................

am. 1997 No. 76; 2001 No. 262

 

rs. 2004 No. 256

Note to r. 10.10(4) ...........

rep. 2001 No. 262

r. 10.11.............................

rs. 2004 No. 256

r. 10.12.............................

rs. 2004 No. 256

r. 10.13.............................

am. 2001 No. 262

 

rs. 2004 No. 256

r. 10.14.............................

rs. 2004 No. 256

r. 10.15.............................

am. 2001 No. 262

 

rep. 2004 No. 256

r. 10.16.............................

rep. 2004 No. 256

r. 10.17.............................

am. 2001 No. 262

 

rep. 2004 No. 256

r. 10.18.............................

am. 2001 No. 262; 2002 No. 255

 

rep. 2004 No. 256

Note to r. 10.18(2) ...........

rep. 2001 No. 262

Part 11

 

r. 11.01A..........................

ad. 2010 No. 195

r. 11.01B...........................

ad. 2010 No. 195

Part 12

 

Heading to r. 12.01...........

rs. 2005 No. 218

r. 12.01.............................

am. 1996 No. 278; 2001 No. 262; 2005 No. 218

Note to r. 12.01(4) ...........

rep. 2001 No. 262

Part 13

 

Division 2

 

r. 13.03.............................

am. 1997 No. 76; 2003 No. 76; 2004 No. 256

r. 13.04.............................

am. 1996 No. 278

Division 3

 

r. 13.06.............................

am. 1997 No. 76

 

rs. 2002 No. 255; 2006 No. 137

 

am. 2010 No. 195

Heading to r. 13.07...........

rs. 1997 No. 76

r. 13.07.............................

am. 1997 No. 76

r. 13.11.............................

ad. 1997 No. 76

 

rep. 2006 No. 137

Part 15..............................

rep. 2002 No. 255

rr. 15.01–15.12.................

rep. 2002 No. 255

rr. 15.13, 15.14.................

am. 1997 No. 76

 

rep. 2002 No. 255

rr. 15.15–15.19.................

rep. 2002 No. 255

Part 14

 

Division 1

 

Heading to Div. 1 of..........
Part 14

ad. 2010 No. 287

Division 2

 

Div. 2 of Part 14...............

ad. 2010 No. 287

r. 14.03.............................

ad. 2010 No. 287

r. 14.04.............................

ad. 2010 No. 287

r. 14.05.............................

ad. 2010 No. 287

r. 14.06.............................

ad. 2010 No. 287

r. 14.07.............................

ad. 2010 No. 287

r. 14.08.............................

ad. 2010 No. 287

r. 14.09.............................

ad. 2010 No. 287

r. 14.10.............................

ad. 2010 No. 287

r. 14.11.............................

ad. 2010 No. 287

r. 14.12.............................

ad. 2010 No. 287

r. 14.13.............................

ad. 2010 No. 287

r. 14.14.............................

ad. 2010 No. 287

r. 14.15.............................

ad. 2010 No. 287

Part 15A

 

Part 15A............................

ad. 1997 No. 76

r. 15A.01..........................

ad. 1997 No. 76

 

am. 2007 No. 138

r. 15A.02..........................

ad. 1997 No. 76

r. 15A.03..........................

ad. 1997 No. 76

r. 15A.04..........................

ad. 1997 No. 76

r. 15A.05..........................

ad. 1997 No. 76

r. 15A.06..........................

ad. 1997 No. 76

 

rep. 2006 No. 137

r. 15A.07..........................

ad. 1997 No. 76

 

am. 2010 No. 287

Part 16

 

Division 1

 

r. 16.02.............................

am. 1997 No. 76

Division 2

 

Heading to Div. 2 of..........
Part 16

rs. 2006 No. 137

Note to Heading to Div. 2..
of Part 16

ad. 2006 No. 137
am. 2010 No. 195

Heading to Subdiv. A of
Div. 2 of Part 16
Renumbered Subdiv. 2.1...
of Div. 2 of Part 16

 

2002 No. 255

Heading to Subdiv. 2.1 of.
Div. 2 of Part 16
(formerly Subdiv. A of
Div. 2 of Part 16)

rep. 2006 No. 137

r. 16.04.............................

rep. 2006 No. 137

r. 16.05
Renumbered r. 16.03A......


2002 No. 255

r. 16.06.............................

am. 2006 No. 4

 

rs. 2006 No. 137

Heading to Subdiv. 2.2 of.
Div. 2 of Part 16

ad. 2002 No. 255
rep. 2006 No. 137

r. 16.07.............................

am. 1997 No. 76; 2000 No. 140

 

rs. 2002 No. 255; 2006 No. 137

 

am. 2010 No. 195

Note to r. 16.07(9) ...........

rep. 2000 No. 140

r. 16.07A..........................

ad. 2002 No. 255

 

am. 2004 No. 256

 

rep. 2006 No. 137

r. 16.07B...........................

ad. 2002 No. 255

 

rep. 2006 No. 137

r. 16.07C...........................

ad. 2002 No. 255

 

rep. 2006 No. 137

r. 16.07D..........................

ad. 2002 No. 255

 

rep. 2006 No. 137

r. 16.07E...........................

ad. 2002 No. 255

 

rep. 2006 No. 137

r. 16.08.............................

am. 1997 No. 76

 

rs. 2002 No. 255; 2006 No. 137

 

am. 2010 No. 195

r. 16.08A..........................

ad. 2002 No. 255

 

rep. 2006 No. 137

Heading to Subdiv. 2.3 of.
Div. 2 of Part 16

ad. 2002 No. 255
rep. 2006 No. 137

r. 16.09.............................

am. 1997 No. 325

 

rs. 2002 No. 255; 2006 No. 137

r. 16.10.............................

rep. 2002 No. 255

r. 16.11.............................

am. 1997 No. 76

 

rep. 2002 No. 255

Heading to Subdiv. B of....
Div. 2 of Part 16

rep. 2002 No. 255

r. 16.12.............................

am. 1997 No. 76; 2000 No. 140; 2002 No. 255

 

rep. 2006 No. 137

r. 16.13.............................

rep. 2006 No. 137

Heading to Subdiv. 2.4......
of Div. 2 of Part 16

rep. 2006 No. 137

Subdiv. 2.4 of Div. 2........
of Part 16

ad. 2002 No. 255

r. 16.13A..........................

ad. 2002 No. 255

 

am. 2006 Nos. 4 and 137

Renumbered r. 16.11........

2006 No. 137

r. 16.11.............................

am. 2010 No. 195

r. 16.13B...........................

ad. 2002 No. 255

 

rs. 2006 No. 4

Renumbered r. 16.12........

2006 No. 137

Note to r. 16.13B became .
Note to r. 16.12

2006 No. 137

Div. 3 of Part 16...............

rep. 2006 No. 137

Division 3

 

Div. 3 of Part 16...............

ad. 2010 No. 195

r. 16.13.............................

ad. 2010 No. 195

r. 16.14AA........................

ad. 1996 No. 278

 

rep. 2006 No. 137

Heading to r. 16.14...........

rs. 1997 No. 76

r. 16.14.............................

am. 1997 No. 76; 2004 No. 256

 

rep. 2006 No. 137

r. 16.15.............................

rs. 1997 No. 76

 

rep. 2006 No. 137

r. 16.16.............................

rep. 2006 No. 137

r. 16.17.............................

rep. 1997 No. 76

Schedule 1

 

Heading to Schedule 1.......

rs. 2000 No. 220

Schedule 1........................

am. 1997 No. 76

Form 1..............................

rs. 1997 No. 76

 

am. 2000 No. 220; 2003 No. 76

 

rs. 2010 No. 195

Form 2..............................

rep. 1997 No. 76

Schedule 2

 

Schedule 2........................

am. 2004 No. 256; 2006 Nos. 4 and 137

Schedule 3

 

Schedule 3........................

am. 2002 No. 255; 2006 No. 137; 2010 No. 195

Schedule 4

 

Schedule 4........................

am. 1997 No. 76; 2002 No. 255

Schedule 4A

 

Schedule 4A......................

ad. 2004 No. 256

 

am. 2010 No. 287

Schedule 5

 

Schedule 5........................

rep. 2007 No. 138

Schedule 6

 

Schedule 6........................

am. 2003 No. 76

 

rs. 2004 No. 256

 

am. 2006 Nos. 4 and 137; 2010 No. 287

Schedule 7

 

Schedule 7........................

am. 2003 No. 76

Schedule 8

 

Schedule 8........................

am. 1997 No. 76; 2002 No. 255; 2003 No. 76; 2004 No. 256; 2006 No. 4; 2007 No. 138; No. 51, 2013

Schedule 9........................

am. 1997 No. 76; 2004 No. 256

 

rep. 2006 No. 137

Schedule 10......................

am. 1997 No. 76

 

rep. 2002 No. 255

 

 

Endnote 3—Uncommenced amendments [none]

There are no uncommenced amendments.

 

Endnote 4—Misdescribed amendments [none]

There are no misdescribed amendments.