Bankruptcy Act 1966
View history note
Hide history noteThe trustee of a bankrupt ' s estate may, by written notice given to the bankrupt, determine that the supervised account regime applies to the bankrupt.
139ZIC(2) [Liability to pay contributions]The trustee must not make a determination under subsection (1) in relation to the bankrupt unless, at the time the determination is made:
(a) the bankrupt is liable to pay a contribution; and
(b) either:
(i) if the trustee has made a determination under section 139ZG permitting the contribution to be paid by instalments - the bankrupt has not paid the whole of an instalment at or before the time when it became payable; or
(ii) if the trustee has made a determination under section 139ZG requiring the bankrupt to pay the contribution at a specified time - the bankrupt has not paid the whole of the contribution at or before the time when it became payable.
[ CCH Note: S 139ZIC(2)(a), as inserted by No 20 of 2005, s 3 and Sch 2 item 4, applies in relation to a bankrupt who is liable to pay a contribution, whether the liability arose before, at or after 18 March 2005.]
A notice under subsection (1) must be in the approved form.
139ZIC(4) [Additional documentation]A notice under subsection (1) must be accompanied by:
(a) a supervised account notice relating to the bankrupt concerned; and
(b) a statement setting out:
(i) the effect of sections 139ZIE to 139ZIT ; and
(ii) such other information (if any) as is specified in the regulations.
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