Bankruptcy Act 1966
PART IV
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PROCEEDINGS IN CONNEXION WITH BANKRUPTCY
Division 2A
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Declaration of intention to present debtor
'
s petition
SECTION 54B
54B
WHEN DEBTOR DISQUALIFIED FROM PRESENTING DECLARATION
A debtor is not entitled to present a declaration under section 54A :
(a) when the debtor is not entitled, except with the leave of the Court, to present a petition under section 55 ;
(b) after a creditor ' s petition presented against the debtor is served on the debtor and before:
(c) after a debtor ' s petition is presented against the debtor and before the petition is accepted or rejected;
(d) while the debtor ' s property is subject to control under Division 2 of Part X ;
(e) within 6 months after the debtor signs an authority under section 188 ; or
(f) within 12 months after a declaration presented by the debtor under section 54A is accepted under section 54C .
View history note
Hide history noteA debtor is not entitled to present a declaration under section 54A :
(a) when the debtor is not entitled, except with the leave of the Court, to present a petition under section 55 ;
(b) after a creditor ' s petition presented against the debtor is served on the debtor and before:
(i) a sequestration order is made on the petition;
(ii) the petition is withdrawn or dismissed; or
(iii) the petition lapses under subsection 52(4) ;
(c) after a debtor ' s petition is presented against the debtor and before the petition is accepted or rejected;
(d) while the debtor ' s property is subject to control under Division 2 of Part X ;
(e) within 6 months after the debtor signs an authority under section 188 ; or
(f) within 12 months after a declaration presented by the debtor under section 54A is accepted under section 54C .
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