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

Schedule 5   Unclaimed money

Bankruptcy Act 1966

5   Application and saving provisions

(1) A person may make an application under subsection 254(3) of the Bankruptcy Act 1966, as substituted by this Schedule, in relation to:

(a) moneys paid to the Commonwealth under subsection 254(2) or (2A) of that Act on or after the commencement of this item; or

(b) moneys paid to the Commonwealth under subsection 254(2) or (2A) of that Act before the commencement of this item, where the person had not made an application under subsection 254(3) of that Act before that commencement.

(2) Subsections 254(3) and (4) of the Bankruptcy Act 1966, as in force immediately before the commencement of this item, continue to apply on and after that commencement in relation to moneys paid to the Commonwealth under subsection 254(2) or (2A) of that Act before that commencement, where a person had made an application under subsection 254(3) of that Act before that commencement.