Commonwealth Numbered Acts

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BANKRUPTCY AMENDMENT ACT 1987 No. 119 of 1987 - SECT 44

Avoidance of voluntary and marriage settlements
44. (1) Section 120 of the Principal Act is amended by omitting from
subsection (4) "claims under section 111, claims in respect of excess interest
under section 112 and".

(2) The amendment made by subsection (1) applies in relation to a bankruptcy
if, and only if, the first dividend was paid before the commencement of that
subsection.

(3) Section 120 of the Principal Act is amended by omitting from subsection
(4) "bankruptcy)" and substituting "bankruptcy but not including claims under
subsection 139H (1))".

(4) The amendment made by subsection (3) applies in relation to a bankruptcy
whenever the date of the bankruptcy occurred. 


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