Coronavirus Economic Response Package Omnibus Act 2020 (22 of 2020)

Schedule 12   Temporary relief for financially distressed individuals and businesses

Part 1   Amendments relating to individuals in financial distress

Bankruptcy Regulations 1996

17   After regulation 4.10

Insert:

4.10A Temporary increase to the default period

(1) For the purposes of paragraph (a) of the definition of default period in subsection 5(1) of the Act, the period prescribed is 6 months.

(2) This regulation is repealed at the end of the period of 6 months starting on the day this regulation commences.