Document ID: chunk:federal_register_of_legislation:C2016A00011:schedule:2:p14
Version: federal_register_of_legislation:C2016A00011
Segment Type: schedule
Provision Reference: sch 2 (pt 14/59)
Character Range: 42914–45750

of a registered trustee made before the end of the period referred to in subsection (2), extend, or further extend, that period.

Consequences for failing to comply
 (4) If the trustee does not comply within the period, the Inspector‑General may do either or both of the following:
 (a) give a direction under subsection 40‑15(1) (direction not to accept further appointments);
 (b) apply to the Court for an order, under section 30 (general powers of Courts in bankruptcy), section 45‑1 of this Schedule or any other provision that is relevant, directing the trustee to comply with the requirement within such time as is specified in the order.

Direction is not a legislative instrument
 (5) A direction under subsection (2) is not a legislative instrument.

Relationship with other laws
 (6) Nothing in this section limits the operation of any other provision of this Act, or any other law, in relation to a person who fails to comply with a requirement to lodge a document with, or give information or a document to, the Inspector‑General.

40‑10  Registered trustee to correct inaccuracies etc.

Application of this section
 (1) This section applies if the Inspector‑General reasonably suspects that information that a registered trustee is required under this Act to give the Inspector‑General (whether in a document lodged or given to the Inspector‑General or otherwise) is incomplete or incorrect in any particular.

Inspector‑General may give direction to correct information etc.
 (2) The Inspector‑General may, in writing, direct the trustee to do one or more of the following within a period of 10 business days after the direction is given:
 (a) confirm to the Inspector‑General that the information is complete and correct;
 (b) complete or correct the information (as the case requires);
 (c) notify any persons specified by the Inspector‑General in the direction of the addition or correction.
 (3) The Inspector‑General may, on the application of a registered trustee made before the end of the period referred to in subsection (2), extend, or further extend, that period.

Consequences for failing to comply
 (4) If the trustee does not comply within the period, the Inspector‑General may do either or both of the following:
 (a) give a direction under subsection 40‑15(1) (direction not to accept further appointments);
 (b) apply to the Court for an order, under section 30 (general powers of Courts in bankruptcy), section 45‑1 of this Schedule or any other provision that is relevant, directing the trustee to comply with the requirement within such time as is specified in the order.

Direction is not a legislative instrument
 (5) A direction under subsection (2) is not a legislative instrument.

Relationship with other laws
 (6) Nothing in this section limits the operation of any other provision of this Act,