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

60   At the end of subsection 189A(2)

Add:

Declaration of relationships

(3) The controlling trustee must make a written declaration stating whether the debtor is a related entity of:

(a) the controlling trustee; or

(b) a related entity of the controlling trustee.

(4) The controlling trustee must:

(a) give a copy of the declaration to the Official Receiver; and

(b) give a copy of the declaration to each of the creditors at the same time as the controlling trustee gives a copy of the subsection (1) report to each creditor; and

(c) keep a copy of the declaration.

Note: The heading to section 189A is altered by inserting " and declaration " after " Report ".