Bankruptcy Legislation Amendment Act 2004 (80 of 2004)

Schedule 1   Amendments relating to statements of affairs and Part X agreements

Part 1   Amendment of the Bankruptcy Act 1966

Division 2   Amendments relating to Part X agreements

33   Subsection 57(7)

Repeal the subsection, substitute:

(7) A debtor who has executed a personal insolvency agreement is not entitled to join in presenting a petition under this section unless:

(a) the agreement has been set aside; or

(b) the agreement has been terminated; or

(c) all the obligations that the agreement created have been discharged; or

(d) the Court grants leave for the debtor to join in presenting a petition under this section.