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

Schedule 2   Amendments commencing on 1 July 2007

Bankruptcy Act 1966

72   After subsection 186N(6)

Insert:

Cancellation by court order of registration as a debt agreement administrator

(6A) A person commits an offence if:

(a) the person has been given a certificate of registration under subsection 186D(3); and

(b) the person’s registration as a debt agreement administrator is cancelled as a result of an order under section 185ZCA; and

(c) the person does not return the certificate of registration to the Inspector-General as soon as practicable after the cancellation.

Penalty: 1 penalty unit.

(6B) Subsection (6A) does not apply if the person has a reasonable excuse.

Note: A defendant bears an evidential burden in relation to the matter in subsection (6A) (see subsection 13.3(3) of the Criminal Code).