Document ID: chunk:federal_register_of_legislation:F2022C00672:body:0:p13
Version: federal_register_of_legislation:F2022C00672
Segment Type: other
Provision Reference: 
Character Range: 32924–35818

the following:
 (a) obtaining and reviewing the statement of affairs of the regulated debtor;
 (b) considering the size of the deficiency in the estate for the purpose of finding possible assets or determining whether an issue needs to be investigated;
 (c) considering the activities and circumstances of the regulated debtor to decide whether assets disclosed by the regulated debtor (or legal personal representative in the case of a deceased debtor) are consistent with what would be expected of a regulated debtor having a similar background or undertaking a similar activity;
 (d) if the regulated debtor is or was involved in significant corporate or trust activity—making inquiries of third parties (for example, solicitors, accountants, creditors, associated entities and financial institutions) to establish whether there is any divisible property or antecedent transactions.

42‑180  Protecting certain assets
  A registered trustee must take appropriate steps to protect assets with a commercial value that have vested in him or her, including doing any or all of the following:
 (a) ensuring that the assets are adequately insured;
 (b) taking possession of the assets;
 (c) perfecting legal ownership of the assets.

42‑185  Income and contribution assessment
 (1) Despite section 42‑170, this section does not apply to a registered trustee in relation to the estate of a deceased person in respect of which an order has been made under Part XI of the Act.
 (2) The registered trustee must, as soon as possible after all necessary information has been made available, make an assessment of:
 (a) the income of the regulated debtor in respect of a contribution assessment period; and
 (b) the contribution that the regulated debtor is liable to pay.
 (3) The registered trustee must:
 (a) act fairly and reasonably in determining the time for payment of any contribution (contributions liability) that a regulated debtor is liable to pay in respect of a contribution assessment period, calculated in accordance with section 139S of the Act; and
 (b) if full payment within the contribution assessment period or before discharge would cause hardship to the regulated debtor, consider giving the regulated debtor an extension of the time for payment of contributions liability.
 (4) The registered trustee must:
 (a) give the regulated debtor a copy of the assessment of income and contributions liability, setting out and explaining the basis on which the amount of any contributions liability has been calculated; and
 (b) notify the regulated debtor of the effect of section 139ZA of the Act (about internal review of assessment).
 (5) In this section:
contribution assessment period has the same meaning as in section 139K of the Act.

42‑190  Monitoring payment of contributions
 (1) Despite section 42‑170, this section does not apply to a registered trustee in relation to the