Bankruptcy Act 1966

[ CCH Note: Act No 80 of 2004, s 3 and Sch 2 item 12 contained the following transitional provision, effective 1 December 2004:

12 Transitional - annulments  

(1)
For the purposes of this item, if a composition or scheme of arrangement under Division 6 of Part IV of the Bankruptcy Act 1966 was annulled before 1 December 2004, the annulment is a pre-commencement annulment .

(2)
For the purposes of this item, if:

(a) an application is made before 1 December 2004 under subsection 75(4) of the Bankruptcy Act 1966 for the annulment of a composition or scheme of arrangement; and

(b) as at 1 December 2004, proceedings in relation to that application have not been finally determined;

the application is a pre-commencement annulment application .

(3)
Despite the repeals and amendments made by items 1, 2, 3, 7, 8, 9 and 10 of this Schedule and item 41 of Schedule 1, the Bankruptcy Act 1966 and regulations under that Act continue to apply, in relation to:

(a) a pre-commencement annulment; and

(b) a pre-commencement annulment application; and

(c) an annulment that results from a pre-commencement annulment application;

as if those repeals had not happened and those amendments had not been made.