Section 185LDA — Bankruptcy Act 1966 (Cth)

Offence relating to the trust account

A person commits an offence of strict liability if:

(a) the person is subject to a requirement under subsection 185LD(1), (2) or (2A); and

(b) the person fails to comply with the requirement.

Penalty: 50 penalty units.

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.

Related sections

s 185LB — Administrator to notify creditors of a 3‑month arrears default by a debtor
s 185LC — Administrator to notify Official Receiver of a designated 6‑month arrears default by a debtor
s 185LD — Administrator to maintain separate bank account
s 185LE — Administrator to keep accounts etc.
s 185LEA — Annual return
s 185LF — Succession of administrator

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