Release of registered trustee by operation of law after 7 years
(1) If the trustee of the estate of a bankrupt: (a) is a registered trustee; and (b) has not already been released from being trustee of the estate under section 183; the trustee is released at the end of 7 years from the date on which the Official Receiver entered in the National Personal Insolvency Index the fact that the administration of the estate was finalised. (3) The release of a trustee from the trusteeship of an estate by force of this section has the same effect as an order of release under section 183.
Sourced from the Federal Register of Legislation at 26 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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