09/Aug/, CC, 80, 01/Jul/, 25/Oct/, National Redress Scheme for Institutional Child Sexual Abuse (Consequential Amendments) Act. Recent Cases Bankruptcy Act Year & No: Act No. 33, Purpose: An Act This item may be affected by COMMONWEALTH REDRESS SCHEME FOR . Bankruptcy Act (Cth) – CC – Start date: 26/10/

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Any uncommenced amendments affecting the law are accessible on the Legislation Register www.

Time limit for realising property Subsequent realization of security Petition against 2 or more joint debtors Report and declaration by controlling trustee Inspection of proofs by creditors etc Property divisible among creditors Financial affairs of a company Proposals to creditors without meeting Failure to keep proper books of account Effect of composition or scheme of arrangement Committee of inspection may request information etc Debts to be rounded down to nearest dollar Moneys in Common Fund not held on account of particular estates etc.


Terminating a debt agreement by accepting a proposal Application of estates of joint debtors If excess contribution paid Surrender of security etc. Director of Public Prosecutions or Commissioner of the Australian Federal Police must notify the trustee of certain matters Duties of sheriff after receiving notice of execution of personal insolvency agreement etc.

Other provisions about controlling trustee Bankrupt or debtor who is a party to a debt agreement obtaining credit etc. Acceptance or rejection of declaration Redemption of security by trustee etc Trustee to supervise withdrawals from supervised account ZIH Processing of debt agreement proposal Annulment on payment of debts Stay of legal proceedings For the purposes of this Act, the financial affairs of a trust include:.

Policies of insurance against liabilities to third parties Court may order relevant material to be given Debts provable in bankruptcy Review of payments to third parties Termination of personal insolvency agreement by creditors Discharged bankrupt to give assistance Evidence of matters stated in notices published in Gazette Financial affairs of a partnership Money received by administrator to be held on trust Streamlined method for replacing trustee Substantial compliance to be sufficient Gambling or hazardous speculations Surrender of registration as a debt agreement administrator Remuneration of registered trustee Time for calling meeting If bankrupt claims not to be in receipt of income Debts proved to rank equally except as otherwise provided If a provision of the compiled law is affected by a modification that is in force, details are included in the endnotes.


Application to vary etc.

Remuneration of committee members