Bankruptcy (Decimal Currency)
No. 128 of 1965
An
Act to amend the Bankruptcy Act 1924–1960,
as amended by the Judges’ Remuneration
Act 1965, in relation to Decimal Currency.
[Assented to 18 December, 1965]
BE it enacted by the Queen’s Most Excellent
Majesty, the Senate, and the House of Representatives of the Commonwealth of
Australia, as follows:—
Short
title and citation.
1.—(1.) This Act may be cited as the Bankruptcy (Decimal Currency) Act 1965.
(2.) The Bankruptcy
Act 1924–1960, as amended by the Judges’
Remuneration Act 1965,is in this Act referred to as the
Principal Act.
(3.) The Second Schedule to the Judges’ Remuneration Act 1965 is amended
by omitting the words and figures—
“Bankruptcy Act 1924–1960
| Bankruptcy Act 1924–1965”.
(4.) The Principal Act, as amended by this Act, may
be cited as the Bankruptcy Act 1924–1965.
Commencement.
2.This
Act shall come into operation on the fourteenth day of February, One thousand
nine hundred and sixty-six.
Duties
of trustee.
3.Section
175 of the Principal Act is amended—
(a)by omitting sub-paragraph (iii) of
paragraph (c)of subsection (1.) and inserting in its stead the following
sub-paragraph:—
“(iii) of the dividend, if any, proposed to be
paid to the creditors, and the amount to be retained for further
contingencies,”;
(b) by omitting from paragraph (c)of that sub-section the words “amount in the pound” (last occurring) and
inserting in their stead the word “dividend”; and
(c) by omitting from paragraph (h)of that sub-section the words “amount in the pound” and inserting in their
stead the word “dividend”.
Contents
of register.
4.Section
197 of the Principal Act is amended by omitting from paragraph (c) of sub-section (1.) the words “in the pound”.
Bankruptcy
notices in decimal currency.
5.—(1.) Where a bankruptcy notice under section 53 of
the Bankruptcy Act 1924–1965 is
issued on or after the fourteenth day of February, One thousand nine hundred
and sixty-six, in respect of a judgment or order that is expressed in the
currency provided for by the Coinage Act 1909–1947,
the amount of the judgment debt or sum ordered to be paid shall be expressed in
the bankruptcy notice in the currency provided for by the Currency Act 1965 and, for that purpose, the amount shall, subject
to the next succeeding sub-section, be ascertained by reference to the
equivalents specified in sub-section (4.) of section 8 of that Act.
(2.) For the purposes of the last preceding
sub-section, where the amount referred to in the last preceding sub-section in
the currency provided for by the Coinage
Act 1909–1947 is an amount of pounds, shillings and pence, pounds and
pence, shillings and pence or pence, the corresponding amount in the currency
provided for by the Currency Act 1965
shall be calculated on the basis that an amount of pence specified in the first
column in the table set out in sub-section (3.) of section 11 of the Currency Act 1965