Commonwealth Numbered Acts

BANKRUPTCY AMENDMENT ACT 1980 No. 12 of 1980 - SECT 115

115. (1) Section 218 of the Principal Act is amended by omitting sub- section
(2) and substituting the following sub-section:



"(2) Where a special resolution accepting a composition is passed under
section 204, the trustee of the composition shall-

   (a)  forthwith-

        (i)    give notice of that fact, in accordance with the rules, to each
               creditor of the debtor; and

        (ii)   cause notice of that fact to be published in the Gazette and in
               such other manner (if any) as is prescribed; and

   (b)  within 21 days after the passing of the special resolution-file a copy
        of the statement of the debtor's affairs referred to in section 195 in
        the office of the Registrar.".

(2) Notwithstanding the amendment of section 218 of the Principal Act made by
sub-section (1) of this section, where a special resolution accepting a
composition has been passed under section 204 of the Principal Act before the
commencement of this section, the provisions of section 218 of the Principal
Act continue to apply, after the commencement of this section, in relation to
that composition as if that amendment had not been made.