Bankruptcy Legislation Amendment (Debt Agreements) Act 2007 (44 of 2007)

Schedule 2   Amendments commencing on 1 July 2007

Bankruptcy Act 1966

33   Paragraphs 185F(1)(d), (e) and (f)

Repeal the paragraphs, substitute:

(d) in a case where:

(i) the applicable deadline arrives; and

(ii) the proposal has not been accepted;

the arrival of the applicable deadline;

(e) in a case where:

(i) the proposal is accepted; and

(ii) the proposal is not expressed to be subject to the occurrence of a specified event within a specified period after the proposal is accepted; and

(iii) details of the debt agreement are entered on the National Personal Insolvency Index;

the entry of those details on the National Personal Insolvency Index;

(f) in the case where:

(i) the proposal is accepted; and

(ii) the proposal is expressed to be subject to the occurrence of a specified event within a specified period after the proposal is accepted; and

(iii) that event occurs within that period; and

(iv) details of the debt agreement are entered on the National Personal Insolvency Index;

the entry of those details on the National Personal Insolvency Index;

(g) in the case where:

(i) the proposal is accepted; and

(ii) the proposal is expressed to be subject to the occurrence of a specified event within a specified period after the proposal is accepted; and

(iii) that event does not occur within that period;

the end of that period;

(h) in a case where the Official Receiver cancels the acceptance of the proposal for processing - the cancellation of the acceptance;

(i) in a case where the proposal lapses - the lapse of the proposal.