Commonwealth Numbered Acts

BANKRUPTCY AMENDMENT ACT 1980 No. 12 of 1980 - SECT 58

58. (1) Section 123 of the Principal Act is amended-

(a) by omitting from paragraph (e) of sub-section (1) "on or before the
date" and substituting " before the day";

   (b)  by inserting in paragraph (b) of sub-section (5) "or from interest"
after "a dividend"; and

   (c)  by omitting sub-section (6) and substituting the following sub-
        section:



"(6) Nothing in this Act invalidates, in any case where a debtor becomes a
bankrupt, a conveyance, transfer, charge, disposition, assignment, payment or
obligation executed, made or incurred by the debtor, before the day on which
the debtor became a bankrupt, under or in pursuance of a maintenance agreement
or maintenance order.".

(2) Notwithstanding the amendments of section 123 of the Principal Act made by
sub-section (1) of this section, the provisions of that section of the
Principal Act continue to apply, after the commencement of this section, in
relation to a bankrupt, and the estate of a bankrupt, who became a bankrupt
before the commencement of this section as if those amendments had not been
made.