Annual administration return
70-5 Annual administration return
Application of this section
This section applies if a person is the trustee of a regulated debtor’s estate during all or part of a financial year.
Annual administration return to be lodged
The person must lodge a return in relation to the person’s administration of that estate during that year or part of that year (as the case requires).
The return must:
be in the approved form; and
be lodged with the Inspector‑General within 25 business days after the end of the financial year.
Late lodgement fee payable
If the person does not lodge the return within the period mentioned in paragraph (3)(b), the person must pay a late lodgement fee, determined by the Minister by legislative instrument, by way of penalty.
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