Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(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.