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 670 notices in 2021–22. The most common type of notice is s. 77CA payment of contribution liability (34% of total notices in 2021–22).

Section of the Bankruptcy Act

Type of statutory notice

Number of notices issued: 2020–21

Number of notices issued: 2021–22

s. 77AA

Access by Official Receiver and others to premises

4

1

s. 77C

Obtain information and evidence

276

194

s. 77CA

Obtain statement of affairs

275

225

s. 81A

Offshore information notices

5

1

s. 128E

Freeze interest in super

2

2

s. 139ZQ

Notice requiring payment following void transaction

59

54

s. 139ZL

Payment of contribution liability

279

190

s. 139ZR

Charge over property

5

3

Total

 

905

670

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 2021–22, there were 12 applications for Commonwealth funding assistance approved, with $42,905 underwritten.

 

2020–21 2021–22

Number of applications received

22

11

Number of applications approved*

8

12

Amount underwritten ($)

$37,023 $42,905

Expenditure ($)

$43,506 $12,601

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