Commonwealth Consolidated Acts

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BANKRUPTCY ACT 1966 - SECT 186LC

Power of court to set aside account-freezing notices

             (1)  If the Court, on application by:

                     (a)  a bank to whom an account-freezing notice has been given; or

                     (b)  the account-holder whose account is affected by an account-freezing notice; or

                     (c)  any other interested person;

is satisfied that the Inspector-General was not authorised to give the notice, the Court may make an order setting aside the notice.

             (2)  An account-freezing notice that is set aside is taken not to have been given.



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