Div 35Notice requirements

Division 35—Notice requirements 35‑1  Notice of significant events Registered trustee must lodge notice  (1) A registered trustee must lodge with the Inspector‑General a notice, in the approved form, if any of the following events occur:  (a) the trustee becomes an insolvent under administration;  (b) a bankruptcy notice is issued under this Act in relation to the trustee as debtor, or a corresponding notice is issued in relation to the trustee as debtor under a law of an external Territory or a law of a foreign country;  (c) the trustee is convicted of an offence involving fraud or dishonesty;  (d) the trustee is disqualified from managing corporations under Part 2D.6 of the Corporations Act 2001, or under a law of an external Territory or a law of a foreign country;  (e) the trustee ceases to have:   against the liabilities that the trustee may incur working as a registered trustee;  (f) the trustee is issued with a notice under section 40‑40 of Schedule 2 to the Corporations Act 2001 (a show‑cause notice) in relation to the trustee’s registration as a liquidator under that Act;  (g) the trustee’s registration as a liquidator under the Corporations Act 2001 is suspended or cancelled;  (h) any other event prescribed. The notice must be lodged within 5 business days after the registered trustee could reasonably be expected to be aware that the event has occurred. 35‑5  Notice of other events Registered trustee must lodge notice  (1) A registered trustee must lodge with the Inspector‑General a notice, in the approved form, if any of the following events occur:  (a) information included in an annual trustee return, or in an annual administration return, prepared by or on behalf of the trustee is or becomes inaccurate in a material particular;  (b) any other event prescribed. The notice must be lodged within 10 business days after the registered trustee could reasonably be expected to be aware that the event has occurred.