Commonwealth Consolidated Regulations

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Transitional--release of trustee

             (1)  This rule applies if:

                     (a)  an application referred to in paragraph 26.27(1)(b) is made after 1 September 2017 for the release of a trustee from the trusteeship of an estate; and

                     (b)  because of item 143 of Schedule 1 to the Insolvency Law Reform Act 2016 , the trustee is required to keep accounts and records (the old accounts ) in relation to the estate in accordance with section 173 of the Bankruptcy Act (as that section was in force immediately before it was repealed by Schedule 1 to the Insolvency Law Reform Act 2016 ).

             (2)  In addition to the books referred to in subparagraph 26.27(1)(b)(ii), a copy of the old accounts must accompany the application.


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