Bankruptcy (Estate Charges) Amendment Act 2007
No. 43, 2007
An Act to amend the Bankruptcy (Estate Charges) Act 1997, and for related purposes
Contents
1 Short title
2 Commencement
3 Schedule(s)
Schedule 1—Amendments
Bankruptcy (Estate Charges) Act 1997
Bankruptcy (Estate Charges) Amendment Act 2007
No. 43, 2007
An Act to amend the Bankruptcy (Estate Charges) Act 1997, and for related purposes
[Assented to 10 April 2007]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Bankruptcy (Estate Charges) Amendment Act 2007.
2 Commencement
This Act commences on 1 July 2007.
3 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Amendments
Bankruptcy (Estate Charges) Act 1997
1 Subsection 5(1)
After “169(1B)”, insert “or 185LD(3)”.
2 After paragraph 6(1)(aa)
Insert:
(ab) is the administrator of a debt agreement under Part IX of the Bankruptcy Act 1966; or
3 After subsection 6(1A)
Insert:
(1B) Charge is not payable by a person in the person’s capacity as administrator of a debt agreement under Part IX of the Bankruptcy Act 1966 if the person is the debtor to whom the debt agreement relates.
4 Application of amendments
The amendments made by this Schedule apply in relation to a debt agreement made as the result of the acceptance of a debt agreement proposal given to the Official Receiver on or after 1 July 2007.
[Minister’s second reading speech made in—
House of Representatives on 15 February 2007
Senate on 20 March 2007]
(20/07)