Document ID: chunk:federal_register_of_legislation:F2024C01292:reg:53
Version: federal_register_of_legislation:F2024C01292
Segment Type: reg
Provision Reference: reg 53
Character Range: 70955–71605

53  Notice of finalisation of administration
 (1) If the trustee of a regulated debtor's estate (other than the Official Trustee) finalises the administration of the debtor's estate, the trustee must:
 (a) give the Official Receiver written notice of the finalisation; and
 (b) do so within 5 business days after the day of the finalisation.

Offence
 (2) A person commits an offence if:
 (a) the person is required to give notice in accordance with subsection (1); and
 (b) the person fails to comply with the requirement.
Penalty: 1 penalty unit.
 (3) An offence against subsection (2) is an offence of strict liability.

Part 9—Debt agreements