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Pt IX - Small Bankruptcies repealed by No 12 of 1980, s 99.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 C - Surrender and cancellation of registration as a debt agreement administrator  

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

SECTION 186LC   POWER OF COURT TO SET ASIDE ACCOUNT-FREEZING NOTICES  

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186LC(1)   [ When Court may set aside notice]  

If the Court, on application by:

(a) a bank to whom an account-freezing notice has been given; or

(b) the account-holder whose account is affected by an account-freezing notice; or

(c) any other interested person;

is satisfied that the Inspector-General was not authorised to give the notice, the Court may make an order setting aside the notice.

186LC(2)   [ Set aside notice]  

An account-freezing notice that is set aside is taken not to have been given.

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S 186LC inserted by No 44 of 2007, s 3 and Sch 2 item 71, applicable in relation to:

(a) a debt agreement proposal given to the Official Receiver on or after 1 July 2007; and

(b) a debt agreement made as the result of the acceptance of a debt agreement proposal given to the Official Receiver on or after 1 July 2007.

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