Bankruptcy Act 1966

PART IV - PROCEEDINGS IN CONNEXION WITH BANKRUPTCY  

Division 2A - Declaration of intention to present debtor ' s petition  

SECTION 54H   DUTIES OF PERSON ENTITLED TO DEDUCT MONEY OWING TO DECLARED DEBTOR  

54H(1)    

Where, during the stay period in relation to a declaration of intention presented by a debtor, a copy of the declaration signed by the Official Receiver who accepted it is produced to a person who is entitled under a law of the Commonwealth, of a State or of a Territory:

(a)    to retain or deduct money from money payable or owing, or to become payable or owing, to the debtor; and

(b)    to apply the retained or deducted money toward discharging a frozen debt owed by the debtor to any person;

subsections (2) and (3) apply.

54H(2)    
The person shall, throughout the remainder of that period:

(a)    refrain from so retaining or deducting money; and

(b)    refrain from paying to a person (other than the debtor), or otherwise applying, money that was so retained or deducted before the signed copy was produced to the person.

54H(3)    
Nothing in this section affects a person ' s liability to pay money to the debtor.

54H(4)    
(Omitted by No 44 of 1996, Sch 1, Pt 1(143).)