Bankruptcy and Family Law Legislation Amendment Act 2005 (20 of 2005)
Schedule 4 Amendments relating to financial agreements under the Family Law Act 1975
Bankruptcy Act 1966
2 After subsection 40(7)
Insert:
(7A) For the purposes of paragraph (1)(o):
(a) transfer of property includes a payment of money; and
(b) a person who does something that results in another person becoming the owner of property that did not previously exist is taken to have transferred the property to the other person.
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