PART VI
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ADMINISTRATION OF PROPERTY
Division 4A
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Orders in relation to property of entity controlled by bankrupt or from which bankrupt derived a benefit
History
Div 4A heading amended by No 33 of 2006, s 3 and Sch 1 item 16, by inserting
"
or from which bankrupt derived a benefit
"
at the end, applicable in relation to an examinable period that commences on or after 31 May 2006.
Div 4A inserted by No 119 of 1987, s 51(1).
SECTION 139F
COURT TO TAKE ACCOUNT OF INTERESTS OF OTHER PERSONS
139F(1)
[Order under sec 139D]
In considering whether or not to make under section
139D
or
139DA
a particular order relating to property in which the respondent entity has an estate, the Court shall take account of:
(a)
the nature and extent of any estate that any other person or entity has in the property and any hardship that the order might cause that other person or entity; and
(b)
the respondent entity
'
s current net worth and any hardship the order might cause the respondent entity
'
s creditors.
History
S 139F(1) amended by No 33 of 2006, s 3 and Sch 1 item 23, by inserting
"
or 139DA
"
after
"
section 139D
"
, applicable in relation to an examinable period that commences on or after 31 May 2006.
139F(2)
[Order under sec 139E]
In considering whether or not to make a particular order under section
139E
or
139EA
, the Court shall take account of the respondent entity
'
s current net worth and any hardship the order might cause the entity
'
s creditors.
History
S 139F(2) amended by No 33 of 2006, s 3 and Sch 1 item 24, by inserting
"
or 139EA
"
after
"
section 139E
"
, applicable in relation to an examinable period that commences on or after 31 May 2006.
S 139F inserted by No 119 of 1987, s 51(1).