Bankruptcy Act 1966

PART IX - DEBT AGREEMENTS  

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Pt IX - Debt agreements inserted by No 44 of 1996, Sch 1, Pt 1(320).

Pt IX - Small Bankruptcies repealed by No 12 of 1980, s 99.

Division 8 - Registration of debt agreement administrators etc.  

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Div 8 inserted by No 44 of 2007, s 3 and Sch 1 item 19, effective 11 April 2007.

Subdivision B - Registration of debt agreement administrators  

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Subdiv B inserted by No 44 of 2007, s 3 and Sch 1 item 19, effective 11 April 2007.

SECTION 186G   CONDITION OF REGISTRATION - COMPANIES  

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186G(1)    
This section applies to a company if the company is a registered debt agreement administrator.

186G(2)    
It is a condition of the company ' s registration as a debt agreement administrator that each individual who takes overall responsibility for managing the company ' s debt agreement activities must be:

(a) a registered debt agreement administrator; or

(b) a registered trustee.

186G(2A)    

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The company ' s registration as a debt agreement administrator is subject to the conditions determined in an instrument under subsection (2B).

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S 186G(2A) inserted by No 118 of 2018, s 3 and Sch 3 item 17, applicable in relation to: (a) a person who becomes a registered debt agreement administrator on or after 27 June 2019; and (b) a person who is a registered debt agreement administrator immediately before 27 June 2019.

186G(2B)    

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The Minister may, by legislative instrument, determine conditions for the purposes of subsection (2A).

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S 186G(2B) inserted by No 118 of 2018, s 3 and Sch 3 item 17, applicable in relation to: (a) a person who becomes a registered debt agreement administrator on or after 27 June 2019; and (b) a person who is a registered debt agreement administrator immediately before 27 June 2019.

186G(3)    

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Subsections (2) and (2A) do not limit subsection 186C(9) or section 186F .

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S 186G(3) amended by No 118 of 2018, s 3 and Sch 3 item 18, by substituting " Subsections (2) and (2A) do " for " Subsection (2) does " , applicable in relation to: (a) a person who becomes a registered debt agreement administrator on or after 27 June 2019; and (b) a person who is a registered debt agreement administrator immediately before 27 June 2019.

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S 186G inserted by No 44 of 2007, s 3 and Sch 1 item 19, effective 11 April 2007.

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