Commonwealth Numbered Acts

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BANKRUPTCY AMENDMENT ACT 1980 No. 12 of 1980 - SECT 170

Destruction of old accounts and records
170. Section 312 of the Principal Act is amended-

   (a)  by omitting sub-section (1) and substituting the following sub-
        section:



"(1) An Official Receiver or a trustee may destroy any accounts or records in
his custody relating to an appointment and direction under section 62 of the
repealed Act, a direction under section 50 of this Act or relating to a
bankruptcy, the administration of the estate of a deceased person in
bankruptcy, a deed of assignment, a deed of arrangement, a composition or an
arrangement, whether the bankruptcy or administration occurred, the deed was
executed or the composition or arrangement was entered into or made before or
after the commencement of this Act-

   (a)  with the approval in writing of the Registrar-at any time; or

   (b)  without obtaining the approval of the Registrar-if the appointment and
        direction was made and given, the direction was given, the bankruptcy
        or administration occurred, the deed was executed or the composition
        or arrangement was entered into or made not less than 25 years
        previously."; and

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



"(3) An Official Receiver or a trustee shal not destroy any accounts or
records referred to in sub-section (1) otherwise than in accordance with this
section.". 


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