Commonwealth Numbered Acts

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BANKRUPTCY AMENDMENT ACT 1980 No. 12 of 1980 - SECT 163

Application of Part XI of Bankruptcy Act 1924-1965 to existing deeds of assignment, &c.
163. Section 292 of the Principal Act is amended-

   (a)  by inserting in sub-section (1) ", subject to sub-section (4) of this
section," before "the provisions of Part XI"; and

   (b)  by adding at the end thereof the following sub-section:



"(4) The provisions of section 184 of the Bankruptcy Act 1924-1965 have
effect, after the commencement of this sub- section, in accordance with this
section, in relation to a composition or scheme of arrangement accepted, or a
deed of assignment executed, under Part XI of the repealed Act, as if-

   (a)  the references in paragraphs (1) (a) and (c) of that section, and in
        sub-sections (3), (4) and (5) of that section, to the official
        receiver were references to the Official Trustee; and

   (b)  sub-section (6) of that section were omitted and the following
        sub-section substituted:

'(6) Where the Official Trustee is appointed to act as trustee in pursuance of
this section, no security shall be required in respect of the appointment.'.".


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