Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 3 · Official Assignee, Official Receiver and Insolvency Practitioners
48. Person not to act as insolvency practitioner without licence
Feedback & supportExcept under and in accordance with an insolvency practitioner’s licence granted or renewed under section 51, a person must not —
act as an insolvency practitioner in relation to a corporation or an individual; or
advertise, or in any way hold out, that the person is willing to act as an insolvency practitioner in relation to a corporation or an individual.
Any person who contravenes 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 12 months or to both.
No fee, commission or reward is recoverable in any action, suit or matter by any person for anything done by a person that gives rise to an offence under this section.