Bankruptcy Amendment (Debt Agreement Reform) Act 2018 (118 of 2018)

Schedule 1   Debt agreement proposals

Part 6   Other matters

Bankruptcy Act 1966

41   At the end of section 185EC

Add:

Offence

(6) A person commits an offence if:

(a) the person is the proposed administrator in relation to a debt agreement proposal; and

(b) the person gives, or agrees or offers to give, to an affected creditor any valuable consideration; and

(c) the person does so with the intention of securing the affected creditor's acceptance or non-acceptance of the proposal.

Penalty for contravention of this subsection: Imprisonment for 6 months.