Commonwealth Consolidated Regulations

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BANKRUPTCY REGULATIONS 1996 - REG 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 .



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