Thursday, 13 October 2011

Bankruptcy Regulations/Mark Findlay

 The idiots at ITSA Mark Findlay Adam Toma and Mathew Osborne are using S134(3) to breach the Duties of a trustee.....
   (3)  Subject to this Act, the trustee may use his or her own discretion in the administration of the estate
Section 134(3) refers to property only...... and does not give discretion on Section 19 DUTIES OF A TRUSTEE, It also does not give ITSA discretion on the Australian Public Service Act.............

Good on ya donkeys at ITSA............ Take me to court if  you think I do not have the evidence in writing..... Matthew Osborne ... thanks for the phone call .. it was very enlightening you stupid fool....

BANKRUPTCY ACT 1966 - SECT 19

Duties etc. of trustee
             (1)  The duties of the trustee of the estate of a bankrupt include the following:
                     (a)  notifying the bankrupt's creditors of the bankruptcy;
                     (b)  determining whether the estate includes property that can be realised to pay a dividend to creditors;
                     (c)  reporting to creditors within 3 months of the date of the bankruptcy on the likelihood of creditors receiving a dividend before the end of the bankruptcy;
                     (d)  giving information about the administration of the estate to a creditor who reasonably requests it;
                     (e)  determining whether the bankrupt has made a transfer of property that is void against the trustee;
                      (f)  taking appropriate steps to recover property for the benefit of the estate;
                     (g)  taking whatever action is practicable to try to ensure that the bankrupt discharges all of the bankrupt's duties under this Act;
                     (h)  considering whether the bankrupt has committed an offence against this Act;
                      (i)  referring to the Inspector-General or to relevant law enforcement authorities any evidence of an offence by the bankrupt against this Act;
                      (j)  administering the estate as efficiently as possible by avoiding unnecessary expense;
                     (k)  exercising powers and performing functions in a commercially sound way.
             (2)  Where a person who became a bankrupt on a creditor's petition is unable to prepare a proper statement of affairs, the trustee may employ, at the expense of the estate, a qualified person to assist in the preparation of the statement.

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