Bankruptcy Amendment (Debt Agreement Reform) Act 2018 (118 of 2018)
Schedule 2 Debt agreements
Part 3 Proposals to terminate debt agreements
Bankruptcy Act 1966
16 At the end of section 185PC
Add:
Offence
(6) A person commits an offence if:
(a) the person is the administrator of a debt agreement; 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 to terminate the agreement.
Penalty for contravention of this subsection: Imprisonment for 6 months.
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