Bankruptcy Legislation Amendment Act 2004 (80 of 2004)

Schedule 2   Amendments relating to compositions and schemes of arrangement

Bankruptcy Act 1966

8   At the end of Division 6 of Part IV

Add:

76B Setting aside and termination of a composition or scheme of arrangement

Sections 222 to 222D, 224 and 224A apply, with such modifications (if any) as are prescribed by the regulations, in relation to a composition or scheme of arrangement under this Division as if:

(a) the composition or scheme were a personal insolvency agreement executed by the debtor; and

(b) the trustee of the composition or scheme were the trustee of the personal insolvency agreement.