Bankruptcy Legislation Amendment Act 2004 (80 of 2004)

Schedule 1   Amendments relating to statements of affairs and Part X agreements

Part 1   Amendment of the Bankruptcy Act 1966

Division 2   Amendments relating to Part X agreements

59   Paragraph 189A(1)(b)

Repeal the paragraph, substitute:

(b) stating whether the controlling trustee believes that the creditors' interests would be better served:

(i) by accepting the debtor's proposal for dealing with his or her affairs under this Part; or

(ii) by the bankruptcy of the debtor; and

(c) naming each creditor who was identified as a related entity of the debtor in the debtor's statement of affairs.