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

Schedule 2   Debt agreements

Part 1   Length of debt agreements

Bankruptcy Act 1966

2   Subsection 185C(5)

Insert:

lease includes a sublease.

long-term lease means a lease granted by the Commonwealth, a State or a Territory for a term (including any extension or renewal) that is reasonably likely, at the time the lease is granted, to exceed 20 years.