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

Schedule 2   Debt agreements

Part 8   Alignment of offences

Bankruptcy Act 1966

30   After section 185LD

Insert:

185LDA Offence relating to the trust account

A person commits an offence of strict liability if:

(a) the person is subject to a requirement under subsection 185LD(1), (2) or (2A); and

(b) the person fails to comply with the requirement.

Penalty: 50 penalty units.