Bankruptcy Act 1966

PART IV - PROCEEDINGS IN CONNEXION WITH BANKRUPTCY  

Division 1 - Acts of bankruptcy  

SECTION 42   PAYMENT ETC. OF DEBT TO COMMONWEALTH OR STATE AFTER SERVICE OF BANKRUPTCY NOTICE  

42(1)    

View history reference

Where a bankruptcy notice under this Act is served on a debtor by the Commonwealth or a State, it is a sufficient compliance with the notice if, within the time fixed for compliance with the notice, the debtor pays the amount required to be paid by the notice to, or secures it or compounds it to the satisfaction of:

(a) the Secretary of the Attorney-General ' s Department, or the Crown Solicitor of the State, as the case may be; or

View history reference

(b) if an agent of the Commonwealth, or of the State, as the case may be, is specified in the notice for the purpose, the agent so specified.

 View history note

 Hide history note

History

S 42(1) amended by No 22 of 2020, s 3 and Sch 12 item 12, by substituting " the time fixed for compliance with the notice " for " the time allowed by the notice " , applicable to the following: (a) bankruptcy notices issued on or after 25 March 2020; (b) petitions and declarations presented on or after 25 March 2020.

S 42(1) amended by No 5 of 2011, s 3 and Sch 7 item 31, by substituting " Secretary of " for " Secretary to " in para (a), effective 19 April 2011.

S 42(1) amended by No 10 of 1984, s 3, Sch.

42(2)    
A statement that the debtor may comply with the notice in the manner referred to in subsection (1) may be included in a bankruptcy notice issued on the application of the Commonwealth or a State.

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.