Declaration of relationships by proposed trustee of composition or scheme of arrangement
(1) This section applies if the proposal provides that a person (the proposed trustee) other than the trustee of the bankrupt’s estate is to become the trustee of the composition or scheme of arrangement. (2) The proposed trustee must make a written declaration stating whether the bankrupt is a related entity of: (a) the proposed trustee; or (b) a related entity of the proposed trustee. (3) The proposed trustee must: (a) give a copy of the declaration to the Official Receiver; and (b) give a copy of the declaration to the trustee of the bankrupt’s estate; and (c) keep a copy of the declaration.
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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