Document ID: chunk:federal_register_of_legislation:C2025C00167:section:218
Version: federal_register_of_legislation:C2025C00167
Segment Type: section
Provision Reference: s 218
Character Range: 704241–705100

218  Notice of execution of personal insolvency agreement
 (1) The trustee of a personal insolvency agreement entered into in pursuance of this Part shall:
 (a) notify each creditor of the debtor as soon as practicable after the debtor and the trustee have executed the agreement; and
 (b) within 2 days after the execution of the agreement by the debtor and the trustee—file a copy of the agreement in the office of the Official Receiver.
 (2) The trustee commits an offence if the trustee fails to comply with a requirement under paragraph (1)(b).
Penalty: 5 penalty units.
Note: See also section 277B (about infringement notices).
 (2A) Subsection (2) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.
 (3) A trustee must notify creditors under paragraph (1)(a) in the way prescribed by the regulations.