How we help trustees

On this page

Annual administration statistics for Commonwealth funding assistance.

Official Receiver notices

Official Receiver notices help trustees to gather information or recover assets. The Official Receiver issued 905 notices in 2020–21. The most common type of notice is s. 139ZL payment of contribution liability (31% of total notices in 2020–21). 

Section of the Bankruptcy Act

Type of statutory notice

Number of notices issued: 2019–20

Number of notices issued: 2020–21

s. 77AA

Access by Official Receiver and others to premises

4

4

s. 77C

Obtain information and evidence

238

276

s. 77CA

Obtain statement of affairs

325

275

s. 81A

Offshore information notices

1

5

s. 128E

Freeze interest in super

0

2

s. 139ZQ

Notice requiring payment following void transaction

81

59

s. 139ZL

Payment of contribution liability

208

279

s. 139ZR

Charge over property

9

5

Total

 

866

905

Commonwealth funding assistance

Section 305 of the Bankruptcy Act allows the Commonwealth to underwrite the cost of proceedings or enquiries about the estate or the examinable affairs of a bankrupt or personal insolvency agreement debtor. Further information on this is available in our guide.

In 2020–21, there were 8 applications for Commonwealth funding assistance approved, with $37,023 underwritten.

 

2019–20 2020–21

Number of applications received

21

22

Number of applications approved*

20

8

Amount underwritten ($)

$121,108 $37,023

Expenditure ($)

$46,534 $43,506

* These figures include all applications approved in the financial year, irrespective of whether they were lodged in that year.