Certain actions or omissions by people while bankrupt or after being released (i.e. discharged) from bankruptcy can be subject to various Bankruptcy Act 1966 offences.
|Concealment of property from bankruptcy trustee||1 to 5 years||section 263 of the Bankruptcy Act|
|Creditor lodging false claims to vote||6 months||section 263C of the Bankruptcy Act|
|Failure to disclose property to bankruptcy trustee||1 to 5 years.||section 265 of the Bankruptcy Act|
|Failure to attend interview with bankruptcy trustee||6 months||section 267D of the Bankruptcy Act|
|Bankrupt obtaining credit of more than statutory limit without advising of bankruptcy||3 years||section 269 of the Bankruptcy Act|
|Failure to keep proper books and records||1 to 3 years||section 270 of the Bankruptcy Act|
|Bankrupt leaving Australia with intention of not returning||3 to 5 years||section 272 of the Bankruptcy Act|
The table above outlines the imprisonment term or penalty for key Bankruptcy Act offences. The Australian Financial Security Authority (AFSA) is the government regulator responsible for any prosecutions.