Document ID: chunk:federal_register_of_legislation:F2024C01292:reg:41
Version: federal_register_of_legislation:F2024C01292
Segment Type: reg
Provision Reference: reg 41
Character Range: 59979–61370

41  Notice under section 139ZL of the Act (notice of ceasing or commencing employment)

Scope
 (1) This section applies if:
 (a) an employer of a bankrupt receives a notice under section 139ZL of the Act in relation to the bankrupt; and
 (b) after receiving the notice, the employer ceases to employ the bankrupt.

Notice by employer of cessation of employment
 (2) The employer must:
 (a) give the trustee of the bankrupt's estate written notice of the day on which the bankrupt's employment ceased; and
 (b) do so within 15 business days after the day of that cessation.

Notice by bankrupt of new employment
 (3) If the bankrupt commences employment with a new employer, the bankrupt must:
 (a) give the trustee written notice of the following:
 (i) the new employer's name and postal address;
 (ii) the address of the place where the bankrupt is employed;
 (iii) the amount of the bankrupt's average gross weekly income from the employment; and
 (b) do so within 15 business days after the day on which the bankrupt commences employment with the new employer.

Offence
 (4) A person commits an offence if:
 (a) the person is required to give notice in accordance with subsection (2) or (3); and
 (b) the person fails to comply with the requirement.
Penalty: 2 penalty units.
 (5) An offence against subsection (4) is an offence of strict liability.

Division 9—Distribution of property