Document ID: chunk:federal_register_of_legislation:C2018A00118:clause:6_1
Version: federal_register_of_legislation:C2018A00118
Segment Type: clause
Provision Reference: sch 6 cl 1
Character Range: 47895–48485

1  Section 60‑21 of Schedule 2
Repeal the section, substitute:

60‑21  Inducements to be appointed as trustee
  A person (the first person) commits an offence if:
 (a) the first person gives, or agrees or offers to give, to another person any valuable consideration; and
 (b) the first person does so with the intention of:
 (i) securing the first person's appointment or nomination as a trustee of a regulated debtor's estate; or
 (ii) securing or preventing the appointment or nomination of a third person as a trustee of a regulated debtor's estate.
Penalty: Imprisonment for 6 months.