Document ID: chunk:federal_register_of_legislation:F2022C00672:body:0:p14
Version: federal_register_of_legislation:F2022C00672
Segment Type: other
Provision Reference: 
Character Range: 35570–38543

(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 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:
 (a) monitor the payment of contributions by a regulated debtor to ensure the contributions liability is discharged; and
 (b) if necessary, take appropriate steps to recover contributions that remain unpaid after the time for payment has passed.

Subdivision D—Standards for controlling trustees

42‑210  Application of this Subdivision
  This Subdivision applies in relation to registered trustees in the administration of a debtor's property that has become subject to control under Division 2 of Part X of the Act.

42‑215  Notification of administration
 (1) Notice of the administration given to the creditors by the registered trustee of a regulated debtor must include the debtor's name, date of birth, address and occupation.
 (2) However, the notice must not include the debtor's address or occupation if the Inspector‑General has, in accordance with an application made under the regulations, decided to not enter that information on the National Personal Insolvency Index.

42‑220  Investigating debtor's property and income
 (1) As soon as practicable after an authority under section 188 of the Act becomes effective, the registered trustee must conduct appropriate investigations of the regulated debtor's property and income.
 (2) If the regulated debtor's property includes significant real estate, company structures or motor vehicles, the registered trustee must:
 (a) search the appropriate registries for information about the property; and
 (b) obtain advice from an independent expert about the value of the property.
 (3) If the regulated debtor was or is involved in significant corporate or trust activity, the registered trustee must take appropriate steps to identify the assets of the debtor that will be subject to control under Division 2 of Part X of the Act, including 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.

42‑225  Report to creditors
  A registered trustee's report under section 189A of the Act must also include the following:
 (a) information about each matter mentioned in subsection 188A(2) of the Act;
 (b) the basis on which the regulated debtor's property has been valued;
 (c) the kind of investigations the controlling trustee has carried out and whether any other matters need to be investigated;
 (d) the reasons for the registered trustee's opinion about whether creditors' interests would be better served by accepting the debtor's proposal for dealing with the debtor's