Bankruptcy Regulations 2021
PART 9
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DEBT AGREEMENTS
SECTION 54
PRESCRIBED INFORMATION TO BE SUPPLIED TO DEBTOR
54(1)
For the purposes of paragraph 185C(2D)(b) of the Act, the following information is prescribed: (a) information about alternatives to entering into a debt agreement; (b) information about the consequences of making a debt agreement proposal; (c) information about sources of financial advice and guidance to persons facing or contemplating entering into a debt agreement; (d) a statement that it is an act of bankruptcy for a debtor to give a debt agreement proposal to the Official Receiver.
54(2)
The information must be factual and objective.
For the purposes of paragraph 185C(2D)(b) of the Act, the following information is prescribed: (a) information about alternatives to entering into a debt agreement; (b) information about the consequences of making a debt agreement proposal; (c) information about sources of financial advice and guidance to persons facing or contemplating entering into a debt agreement; (d) a statement that it is an act of bankruptcy for a debtor to give a debt agreement proposal to the Official Receiver.
54(2)
The information must be factual and objective.
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