How we help trustees

Official Receiver notices

Official Receiver notices help trustees to gather information or recover assets. The Official Receiver issued 975 notices in 2018–19. Consistent with previous years, the most common type of notice is s. 77CA notices to obtain a statement of affairs (43% of total notices in 2018–19).

Section of the Bankruptcy Act

Type of statutory notice

Number of notices issued: 2017–18

Number of notices issued: 2018–19

s. 77AA

Access by Official Receiver and others to premises

0

10

s. 77C

Obtain information and evidence

213

281

s. 77CA

Obtain statement of affairs

489

419

s. 81A

Offshore information notices

2

0

s. 128E

Freeze interest in super

0

2

s. 139ZQ

Notice requiring payment following void transaction

33

54

s. 139ZL

Payment of contribution liability

213

202

s. 139ZR

Charge over property

2

7

Total

 

952

975

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 2018–19, there were 15 applications for Commonwealth funding assistance approved, with $171,139 underwritten.

 

2017–18

2018–19

Number of applications received

19

21

Number of applications approved*

15

15

Amount underwritten ($)

$125,996

$171,139

Expenditure ($)

$70,970

$116,214

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