Bankruptcy Act 1966

This section applies if the trustee maintains a single bank account for more than one estate of a regulated debtor or regulated debtors.

The trustee must:

maintain a separate record for each of those estates of:

money received by the trustee from the regulated debtor in relation to the estate; and

payments made by the trustee in relation to the estate; and

the balance of money held by the trustee in relation to the estate; and

at least once every 25 business days, reconcile the balance relating to each estate held in the account with the corresponding record maintained under paragraph (a).