Bankruptcy Amendment (Debt Agreement Reform) Act 2018 (118 of 2018)

Schedule 2   Debt agreements

Part 3   Proposals to terminate debt agreements

Bankruptcy Act 1966

16   At the end of section 185PC

Add:

Offence

(6) A person commits an offence if:

(a) the person is the administrator of a debt agreement; and

(b) the person gives, or agrees or offers to give, to an affected creditor any valuable consideration; and

(c) the person does so with the intention of securing the affected creditor's acceptance or non-acceptance of the proposal to terminate the agreement.

Penalty for contravention of this subsection: Imprisonment for 6 months.