Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 19 · Duties, Disqualification and Disabilities of Bankrupt
400. Disqualification of bankrupt
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In addition to any disqualification under any other written law, a bankrupt is disqualified from being appointed or acting as a trustee or personal representative in respect of any trust, estate or settlement, except with the permission of the Court.
bankrupt
“bankrupt” means —(a)an individual debtor who has been adjudged bankrupt by a bankruptcy order; or(b)where a bankruptcy order has been made against a firm, each of the partners in the firm;
Any disqualification to which a bankrupt is subject under this section ceases when —
the bankruptcy order against the bankrupt is annulled or rescinded; or
the bankrupt is discharged under Part 18.
Any person who acts as a trustee or personal representative while that person is disqualified by virtue of subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both.
trustee
“trustee”, in relation to a bankruptcy and a bankrupt, means the trustee of the bankrupt’s estate and includes the Official Assignee when acting as trustee of the bankrupt’s estate;