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Insolvency Practice Rules (Bankruptcy) 2016
90‑85 Notification to Official Receiver 90‑85 Notification to Official Receiver if former trustee is reappointed
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90‑85 Notification to Official Receiver if former trustee is reappointed
(1) If the Court makes an order under subsection 90‑35(5) of the Insolvency Practice Schedule (Bankruptcy) that the former trustee be reappointed as trustee of the regulated debtor’s estate, the former trustee must notify the Official Receiver of the reappointment within 2 business days after the order being made. (2) A person commits an offence if: (a) the person is subject to a requirement under subsection (1); and (b) the person fails to comply with the requirement.
Penalty: 1 penalty unit.