Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 20 · Bankruptcy Offences
405. Non-disclosure
Feedback & supportA bankrupt shall be guilty of an offence if —
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;
the bankrupt does not to the best of the bankrupt’s knowledge and belief disclose to the Official Assignee all the property comprised in the bankrupt’s estate; or
the bankrupt does not inform the Official Assignee of any disposal of any property which, but for the disposal, would be comprised in the bankrupt’s estate, stating how, when, to whom and for what consideration the property was disposed of.
Subsection (1)(b) does not apply to any disposal of property in the ordinary course of a business carried on by the bankrupt or to any payment of the ordinary expenses of the bankrupt or the bankrupt’s family.
property
“property” includes —(a)money, goods, things in action, land and every description of property, wherever situated; and(b)obligations and every description of interest, whether present or future or vested or contingent, arising out of or incidental to property;