Commonwealth Consolidated Acts

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BANKRUPTCY ACT 1966 - SECT 81B

Extension of period of notice

  (1)   Upon written application made by the person to whom the offshore information notice was given within the period set out in that notice, the Official Receiver, by written notice given to that person, may extend the period set out in the offshore information notice.

  (2)   If:

  (a)   an application under subsection   (1) is made before the end of the period set out in the offshore information notice; and

  (b)   at the end of the period, the Official Receiver has not notified the person of the decision of the Official Receiver on the application;

the following provisions have effect:

  (c)   the Official Receiver is taken to have extended the period under subsection   (1) to the end of the day on which the decision of the Official Receiver is notified to the person to whom the offshore information notice was given;

  (d)   if the Official Receiver decides to extend the period--the extended period must end after the day referred to in paragraph   (c).

  (3)   A reference in this Division   (other than subsection   (1) of this section) to the period set out in the offshore information notice is a reference to the period as extended under that subsection.


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