Commonwealth Numbered Acts

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BANKRUPTCY AMENDMENT ACT 1987 No. 119 of 1987 - SECT 54

Registration of natural persons as trustees
54. Section 155 of the Principal Act is amended:

   (a)  by omitting from subsection (4) "company,";

   (b)  by inserting in subsection (5B) "of this section or subsection 176 (2)
or 212 (2)" before " applies"; and

   (c)  by inserting after subsection (5C) the following subsection:

"(5D) On the making of an order under subsection 176 (2) or 212 (2) cancelling
a person's registration under this section, the condition of the bond, or of
the later or latest of the bonds, as the case requires, entered into by the
person under this section shall be deemed to have been contravened.". 

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