Bankruptcy Act 1966

A person who is a registered trustee during all or part of a trustee return year for the person must, within 1 month after the end of that year, lodge with the Inspector‑General a return that conforms with subsection (3).

Each of the following is a trustee return year for a person who is or was registered as a trustee under section 20‑30:

the period of 12 months beginning on the day on which that registration first began;

each subsequent period of 12 months.

A return under subsection (1) must:

be in the approved form; and

include evidence that the person has, during the whole of any period of the year during which the person was registered as a trustee, maintained:

adequate and appropriate professional indemnity insurance; and

adequate and appropriate fidelity insurance;

The Inspector‑General may, on the application of the registered trustee made before the end of the period for lodging a return under subsection (1), extend, or further extend, that period.

A person commits an offence of strict liability if:

the person is subject to a requirement under subsection (1); and

the person fails to comply with the requirement.

See also section 277B (about infringement notices).