Bankruptcy Act 1966

An individual may apply to the Inspector‑General to have the individual’s registration as a trustee renewed.

The application must be lodged with the Inspector‑General, in the approved form, before the applicant’s registration as a trustee ceases to have effect.

The Court may extend the time within which an application must be lodged: see paragraph 33(1)(c).

If an individual applies to have his or her registration as a trustee renewed, the individual must, at least 1 month before the registration ceases to have effect, pay the renewal fee determined by the Minister by legislative instrument. If the renewal fee is not paid at least 1 month before the registration ceases to have effect, an additional amount equal to 20% of the renewal fee is payable by the applicant by way of penalty.

The application is properly made if subsection (2) is complied with.