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