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Insolvency Practice Rules (Bankruptcy) 2016
made under the

Bankruptcy Act 1966

Compilation No. 4

Compilation date: 5 July 2022

Includes amendments up to: F2022L00539

Registered: 12 July 2022

About this compilation

This compilation

This is a compilation of the Insolvency Practice Rules (Bankruptcy) 2016 that shows the text of the law as amended and in force on 5 July 2022 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Introduction
Division 1—Introduction
1‑1 Name
1‑10 Authority
Division 5—Definitions
5‑5 The Dictionary
5‑10 What is a current registration?
5‑15 Meaning of material personal interest
Part 2—Registering and disciplining practitioners
Division 15—Register of Trustees
15‑1 Register of Trustees
Division 20—Registering trustees
20‑1 Qualifications, experience, knowledge and abilities required by applicants for registration
20‑5 Conditions on registration of trustees
20‑10 Prescribed amount of notified estate charges
Division 35—Notice requirements
35‑1 Events of which a registered trustee must notify the Inspector‑General
Division 40—Disciplinary and other action
40‑1 Industry bodies that may notify the Inspector‑General of grounds for disciplinary action
Division 42—Standards for registered trustees
Subdivision AA—Introduction
42‑1 Authority
42‑4 Purpose of Division
42‑4A Compliance with standards by trustee's employees
Subdivision A—Standards for registered trustees generally
42‑5 Application of this Subdivision
42‑10 Trustees to act honestly and impartially
42‑15 Communication
42‑20 Conflict of interest
42‑30 Preliminary inquiries and actions
42‑35 Investigations and