|Section of the Bankruptcy Act||Type of statutory notice||Number of notices issued 2016-17||Number of notices issues: 2017-18|
|s. 77AA||Access by Official Receiver and others to premises||0||0|
|s. 77C||Obtain information and evidence||207||213|
|s. 77CA||Obtain statement of affairs||443||489|
|s. 81A||Offshore information notices||1||2|
|s. 139ZQ||Notice requiring payment following void transaction||21||33|
|s. 139ZL||Payment of contribution liability||189||213|
|s. 139ZR||Charge over property||5||2|
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 2017–18, there were 15 applications for Commonwealth funding assistance approved, with $125,996 underwritten.
|Number of applications received||17||19|
|Number of applications approved*||14||15|
|Amount underwritten ($)||$95,555||$125,996|
*These figures include all applications approved in the financial year, irrespective of whether they were lodged in that year.