Section 73B — Bankruptcy Act 1966: Declaration of relationships by proposed trustee of composition or scheme of arrangement

(1) This section applies if the proposal provides that a person (the proposed trustee) other than the trustee of the bankrupt’s estate is to become the trustee of the composition or scheme of arrangement. (2) The proposed trustee must make a written declaration stating whether the bankrupt is a related entity of: (a) the proposed trustee; or (b) a related entity of the proposed trustee. (3) The proposed trustee must: (a) give a copy of the declaration to the Official Receiver; and (b) give a copy of the declaration to the trustee of the bankrupt’s estate; and (c) keep a copy of the declaration.