Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

BANKRUPTCY ACT 1966 - SECT 128L

Protection of trustee of eligible superannuation plan

  (1)   No criminal or civil proceedings lie against the trustee of an eligible superannuation plan because of anything done (or not done) by the trustee in good faith:

  (a)   in compliance with a superannuation account - freezing notice; or

  (b)   in connection with, or incidental to, the trustee's compliance with a superannuation account - freezing notice; or

  (c)   in compliance with a section   139ZQ notice; or

  (d)   in connection with, or incidental to, the trustee's compliance with a section   139ZQ notice; or

  (e)   in compliance with a section   139ZU order; or

  (f)   in connection with, or incidental to, the trustee's compliance with a section   139ZU order; or

  (g)   in compliance with a subsection   139ZT(2) order; or

  (h)   in connection with, or incidental to, the trustee's compliance with a subsection   139ZT(2) order; or

  (i)   in compliance with a paragraph   128K(1)(b) order; or

  (j)   in connection with, or incidental to, the trustee's compliance with a paragraph   128K(1)(b) order.

  (2)   Anything done (or not done) by the trustee of a regulated superannuation fund, or the trustee of an approved deposit fund, in good faith:

  (a)   in compliance with a superannuation account - freezing notice; or

  (b)   in connection with, or incidental to, the trustee's compliance with a superannuation account - freezing notice; or

  (c)   in compliance with a section   139ZQ notice; or

  (d)   in connection with, or incidental to, the trustee's compliance with a section   139ZQ notice; or

  (e)   in compliance with a section   139ZU order; or

  (f)   in connection with, or incidental to, the trustee's compliance with a section   139ZU order; or

  (g)   in compliance with a subsection   139ZT(2) order; or

  (h)   in connection with, or incidental to, the trustee's compliance with a subsection   139ZT(2) order; or

  (i)   in compliance with a paragraph   128K(1)(b) order; or

  (j)   in connection with, or incidental to, the trustee's compliance with a paragraph   128K(1)(b) order;

is taken not to be in breach of:

  (k)   the Superannuation Industry (Supervision) Act 1993 ; or

  (l)   any standards prescribed under that Act.

  (3)   Anything done (or not done) by an RSA provider in good faith:

  (a)   in compliance with a superannuation account - freezing notice; or

  (b)   in connection with, or incidental to, the RSA provider's compliance with a superannuation account - freezing notice; or

  (c)   in compliance with a section   139ZQ notice; or

  (d)   in connection with, or incidental to, the RSA provider's compliance with a section   139ZQ notice; or

  (e)   in compliance with a section   139ZU order; or

  (f)   in connection with, or incidental to, the trustee's compliance with a section   139ZU order; or

  (g)   in compliance with a subsection   139ZT(2) order; or

  (h)   in connection with, or incidental to, the trustee's compliance with a subsection   139ZT(2) order; or

  (i)   in compliance with a paragraph   128K(1)(b) order; or

  (j)   in connection with, or incidental to, the trustee's compliance with a paragraph   128K(1)(b) order;

is taken not to be in breach of:

  (k)   the Retirement Savings Accounts Act 1997 ; or

  (l)   any standards prescribed under that Act.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback