Bankruptcy Act 1966

The controlling trustee must prepare a report:

summarising and commenting on the information about the debtor’s affairs that is available to the controlling trustee; and

stating whether the controlling trustee believes that the creditors’ interests would be better served:

by accepting the debtor’s proposal for dealing with his or her affairs under this Part; or

by the bankruptcy of the debtor; and

naming each creditor who was identified as a related entity of the debtor in the debtor’s statement of affairs.

The trustee must:

give a copy of the report to the Official Receiver and to each of the creditors; and

keep a copy of the report.

The controlling trustee must make a written declaration stating whether the debtor is a related entity of:

the controlling trustee; or

a related entity of the controlling trustee.

The controlling trustee must:

give a copy of the declaration to the Official Receiver; and

give a copy of the declaration to each of the creditors at the same time as the controlling trustee gives a copy of the subsection (1) report to each creditor; and

keep a copy of the declaration.