Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If the trustee of the estate of a bankrupt:
(a) is a registered trustee; and
(b) has not already been released from being trustee of the estate under section 183;
the trustee is released at the end of 7 years from the date on which the Official Receiver entered in the National Personal Insolvency Index the fact that the administration of the estate was finalised.
(3) The release of a trustee from the trusteeship of an estate by force of this section has the same effect as an order of release under section 183.