Bankruptcy Act offences

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 or $1,000 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.