Additional duties of controlling trustee
The duties of the controlling trustee include the following: (a) notifying the debtor’s creditors of the giving by the debtor of an authority under section 188; (c) taking whatever action is practicable to try to ensure that the debtor discharges all of the debtor’s duties under this Act; (d) considering whether the debtor has committed an offence against this Act; (e) referring to the Inspector‑General or to relevant law enforcement authorities any evidence of an offence by the debtor against this Act; (f) making appropriate inquiries and investigations in connection with the debtor’s property and examinable affairs; (g) disclosing to creditors any material personal interests held by the trustee that could conflict with the proper exercise of his or her powers or the proper performance of his or her functions; (h) exercising powers and performing functions in a commercially sound way; (i) exercising powers and performing functions in an impartial and independent manner; (j) the duties imposed on the controlling trustee under Schedule 2.
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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