Bankruptcy Regulations 1996

SCHEDULE 6 - MODIFICATIONS IN RELATION TO PART X OF THE ACT  

(regulations 10.01 , 10.05 , 10.07 , 10.08 and 10.13 )

PART 6 - MODIFICATIONS UNDER SUBSECTION 231(3) OF THE ACT - PERSONAL INSOLVENCY AGREEMENTS  

13   Subsection 139(3)  

13	substitute
	(3)	Where the trustee of a personal insolvency agreement carries on a business previously carried on by the debtor, the trustee is not personally liable for any payment in respect of long service leave or extended leave:
			(a)	for which the debtor was liable; or
			(b)	to which a person employed by the trustee in his or her capacity as trustee of the personal insolvency agreement, or the legal personal representative of such a person, becomes entitled after the date of execution of the personal insolvency agreement.