Bankruptcy Legislation Amendment Act 2004 (80 of 2004)
Schedule 2 Amendments relating to compositions and schemes of arrangement
Bankruptcy Act 1966
8 At the end of Division 6 of Part IV
Add:
76B Setting aside and termination of a composition or scheme of arrangement
Sections 222 to 222D, 224 and 224A apply, with such modifications (if any) as are prescribed by the regulations, in relation to a composition or scheme of arrangement under this Division as if:
(a) the composition or scheme were a personal insolvency agreement executed by the debtor; and
(b) the trustee of the composition or scheme were the trustee of the personal insolvency agreement.
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