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

Schedule 2   Debt agreements

Part 2   Proposals to vary debt agreements

Bankruptcy Act 1966

13   Application provisions

(1) The amendment of section 185LA of the Bankruptcy Act 1966 made by this Part applies in relation to proposals given to the Official Receiver under subsection 185M(1) of that Act on or after the commencement of this item.

(2) Subsection 185M(1E) of the Bankruptcy Act 1966, as inserted by this Part, applies in relation to proposals given to the Official Receiver under subsection 185M(1) of that Act on or after the commencement of this item, where the debt agreement proposals were given under subsection 185C(1) of that Act on or after that commencement.

(3) Subsections 185M(1F) and (2A) to (2C) of the Bankruptcy Act 1966, as inserted by this Part, apply in relation to proposals given to the Official Receiver under subsection 185M(1) of that Act on or after the commencement of this item.

(4) The amendment of section 185MA of the Bankruptcy Act 1966 made by this Part applies in relation to proposals given to the Official Receiver under subsection 185M(1) of that Act on or after the commencement of this item, where the debt agreement proposals were given under subsection 185C(1) of that Act on or after that commencement.

(5) Subsection 185MC(1A) of the Bankruptcy Act 1966, as inserted by this Part, applies in relation to proposals given to the Official Receiver under subsection 185M(1) of that Act on or after the commencement of this item, where the debt agreement proposals were given under subsection 185C(1) of that Act on or after that commencement.

(6) Subsection 185MC(6) of the Bankruptcy Act 1966, as added by this Part, applies in relation to proposals given to the Official Receiver under subsection 185M(1) of that Act on or after the commencement of this item.