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

Schedule 3   Registered debt agreement administrators

Part 1   Applications for registration

Bankruptcy Act 1966

2   At the end of Division 1 of Part IX

Add:

185A Adequate and appropriate professional indemnity and fidelity insurance

The Inspector-General may, by legislative instrument, determine what constitutes adequate and appropriate professional indemnity insurance, and adequate and appropriate fidelity insurance, in relation to either or both of the following:

(a) specified circumstances;

(b) one or more specified classes of registered debt agreement administrators.