Section 305 funding

  • Trustees may obtain Commonwealth funding assistance under section 305 of the Bankruptcy Act 1966 to initiate or defend proceedings or to pursue inquiries for certain matters.
  • Section 305 funding is intended to facilitate the proper carrying out of the trustee’s statutory and fiduciary duties.
  • Guidelines outlining the types of situations when funding might be appropriate, and explaining what needs to be established in order to support an application, are provided in the: