PART IX
-
DEBT AGREEMENTS
History
Pt IX
-
Debt agreements inserted by No 44 of 1996, Sch 1, Pt 1(320).
Pt IX
-
Small Bankruptcies repealed by No 12 of 1980, s 99.
Division 3A
-
Duties of administrators
History
Div 3A inserted by No 44 of 2007, s 3 and Sch 2 item 43, applicable in relation to: (a) a debt agreement proposal given to the Official Receiver on or after 1 July 2007; and (b) a debt agreement made as the result of the acceptance of a debt agreement proposal given to the Official Receiver on or after 1 July 2007.
SECTION 185LEA
ANNUAL RETURN
185LEA(1)
If, during a financial year, an administrator of a debt agreement administered the agreement, the administrator must, within the period of 25 business days after the end of that year, give the Inspector-General a return, in the approved form, in relation to the administration of that agreement during that year.
Penalty: 5 penalty units.
Note:
See also section
277B
(about infringement notices).
History
S 185LEA(1) amended by No 118 of 2018, s 3 and Sch 2 item 34, by substituting
"
25 business days
"
for
"
35 days
"
, applicable in relation to financial years ending after 27 June 2019.
185LEA(2)
Subsection (1) is an offence of strict liability.
Note:
For strict liability, see section 6.1 of the
Criminal Code
.
History
S 185LEA inserted by No 106 of 2010, Sch 2 item 33, effective 1 December 2010.
No 106 of 2010, Sch 2[84(7)] contains the following application provision:
84 Application
(7)
The amendments made by items 27 and 33 apply in relation to financial years ending on or after the commencement of those items.