Official Receiver notices
Official Receiver notices help trustees to gather information or recover assets. The Official Receiver issued 952 notices in 2017–18. Consistent with previous years, the most common type of notice is s. 77CA notices to obtain a statement of affairs (51% of total notices in 2017–18).
| Section of the Bankruptcy Act | Type of statutory notice | Number of notices issued 2016-17 | Number of notices issues: 2017-18 |
|---|---|---|---|
| s. 77AA | Access by Official Receiver and others to premises | 0 | 0 |
| s. 77C | Obtain information and evidence | 207 | 213 |
| s. 77CA | Obtain statement of affairs | 443 | 489 |
| s. 81A | Offshore information notices | 1 | 2 |
| s. 139ZQ | Notice requiring payment following void transaction | 21 | 33 |
| s. 139ZL | Payment of contribution liability | 189 | 213 |
| s. 139ZR | Charge over property | 5 | 2 |
| Total | 866 | 952 |
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 2017–18, there were 15 applications for Commonwealth funding assistance approved, with $125,996 underwritten.
| 2016-17 | 2017-18 | |
|---|---|---|
| Number of applications received | 17 | 19 |
| Number of applications approved* | 14 | 15 |
| Amount underwritten ($) | $95,555 | $125,996 |
| Expenditure ($) | $74,818 | $70,970 |
*These figures include all applications approved in the financial year, irrespective of whether they were lodged in that year.