Section 91

The Official Receiver shall open in his name as Official

Receiver an account at a bank approved by the Minister and shall pay to the credit thereof all sums received by him as such Official Receiver or as trustee, and every trustee in a bankruptcy, other than the Official Receiver, receiving money as such trustee shall open an account at such bank in the name of the debtor's estate and shall pay to the credit of such account all sums which may from time to time be received by him as such trustee.

If a trustee at any time retains for more than 10 days a sum exceeding $500 or such other amount as the Court in any particular case may authorise him to retain then, unless he explains the retention to the satisfaction of the Court, he shall pay interest on the amount so retained in excess at the rate of 20 per cent per annum, and shall have no claim to remuneration and may be removed from his office by the Court and shall be liable to pay any expenses occasioned by reason of his default.

Any trustee paying money into his private banking account or using it otherwise than in the administration of the estate may, without prejudice to any other liability, be dismissed from office without remuneration and may be ordered by the Court to make good all losses and expenses which the creditors may suffer in consequence of his conduct.